The pension fund trustee advisory firm set up in 2006 by former Lazard bankers has made three hires, as trustees increasingly find it necessary to take advice on how best to run the scheme in light of poor market performance over the past two years.

Penfida Partners was set up in 2006 by Jonathan Dawson, Paul Jameson and Trevor Civval, all former Lazard bankers, to advise pension fund trustees on mergers, takeovers, flotations and restructurings.