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Section 32 Buyout Contracts

The guaranteed financial solution that came with hidden risks too high for cautious investors.

Common problems with Section 32 contracts (also known as Pension Buy-Out Bonds) include:

  • Lower benefits than the previous employer’s pension scheme would have paid (this is often the major complaint and claim).
  • Investors can’t draw benefits ‘early’ (usually 65 for males, 60 for females). 
  • No Tax-Free Cash when benefits start to be taken. 
  • No possibility of a transfer to an alternative pension.

If you are already suffering any one of these problems, or think you may have been mis-sold a Section 32 transfer, call us without delay as strict time limits may apply.

However, it may still be possible to claim compensation if you are already drawing benefits from a Section 32 contract or if you have transferred away to an alternative pension policy.