Lincoln Pensions has hired five covenant advice specialists to support the firm's increased growth following its recent acquisition by Cardano Group.
Luke Hartley, Emily Goodridge, and Leon Caine have joined from AlixPartners, while Alex Beecraft and Lara Durgan have been appointed from PwC.
They join Lincoln Pensions at a time when it is seeing higher demand for covenant advice, especially with the uncertainty caused by Brexit and the wider pressures on defined benefit (DB) schemes.
Hartley becomes a director, Durgan an adviser, while Beecraft, Goodridge and Caine are associate directors.
The appointments expand the team to 33, and the firm will look to hire other individuals as and when opportunities arise.
Cardano co-chief executive officer (CEO) Michael De Lathauwer said that with support from the wider Cardano Group, Lincoln has the resources to "opportunistically hire talent when opportunities arise".
Lincoln Pensions CEO Darren Redmayne added: "We want to be a leader in the covenant advice market, and to do that we need the very best people.
"We continue to see strong growth in the covenant advisory marketplace driven by an even greater appreciation that properly understanding sponsor covenant can help trustees take pre-emptive steps to protect members' benefits if risks develop."
He added covenant advice is of ever increasing importance particularly given the current economic uncertainties facing businesses, both in the short term and as the UK navigates Brexit.
"How will Brexit affect the value of scheme assets, and the covenant of the underlying business over the next few years?" he added.
"2017 will present a volatile situation not just for scheme assets but also their employers. That's driving trustees to say they need to understand risk better than in the past.
"We're seeing more sophistication around wanting to understand how trends affect assets and covenants at the same time, and understand what economic scenarios do to the covenant and assets, to ensure employers can respond to issues."
Cardano bought Lincoln Pensions last October to enable the firms to provide integrated risk services to schemes and sponsoring employers.
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