Pensions covenant advisory firm, Lincoln Pensions, has renamed as Cardano Advisory as it continues its rebrand following its acquisition by Cardano in 2016.

Cardano’s fiduciary management and investment advisory capabilities will remain distinct from one another, and all the existing regulatory measures between the two will continue.

According to Cardano Advisory, its business has more than doubled since becoming part of Cardano, with the firm now providing advice to over 350 clients with total scheme assets exceeding £300bn.

The services offered now cover six practice areas, from covenant risk transfer for well-funded schemes, to restructuring and special situations expertise for struggling schemes and sponsors.

"Since becoming part of Cardano in 2016, we've further grown and evolved our business from being a leading covenant boutique into a broadly-based advisory business better able to support our clients’ needs in critical and developing areas such as sustainability," commented Cardano Advisory CEO, Darren Redmayne.

“The time has come for us to present a single name to the outside world - as the advisory business of Cardano. We are proud of what we’ve achieved as Lincoln Pensions and are excited about our future as Cardano Advisory.”

Also commenting on the announcement, Cardano Group CEO, Mickey de Lathauwer, said: “Cardano has a purpose to help deliver safer and sustainable financial futures for all. We strive to lead our industry, help secure great outcomes for our clients and also to deliver wider benefits to society.

“It's a vision we share with the team at Lincoln Pensions, and we’re honoured to now share a name with them.”

The name change took effect from 4 October 2021.

Cardano has also launched a new ‘visual identity’ and will introduce a new website in the coming months.

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