If a private sector company takes on the running of a local authority facility, or if they take on the former employee of a local authority, they may be required to continue contributions to an employee’s previous pension scheme.

A pension bond guarantees the value of the contributions being made should the private sector company cease making pension payments on behalf of the employee. 

Are you sub-contracting for a local authority? Are any of your staff former employees of a local authority? Call The Channel Partnership today on 01275 817320 to discuss your surety bond needs.

What is a surety bond?

Which Surety Bond do I need?

Benefits of Surety Bonds

Why choose The Channel Partnership?