Hi. I am hoping someone can help me here or point me in the right direction.
Years I left a job that had had a good pension scheme and I remember at the time being advised by a colleague to take that pension and put it in to a buy out bond with a broker or financial advisor as such. So this company were going to invest this money in stocks and shares.
So I remember at the time, the financial broker had said that I could have access to it when I reach 50. He has since left that company but my buy out bond is with Zurich because I do receive yearly statements.
I contacted them recently and they could not really tell me much, in fact I felt they were being quite evasive if that is the word and told me to contact my broker. They said that yes it had matured and they would send me out paperwork in 15 working days. So I asked them do I have the option to cash it in or cash some if it in etc etc etc. But they did not really know and kep telling me to wait the 15 days until paperwork arrived.
I have tried googling it but there seems to be a lot of diffrences. LIke some websites are saying you have to be of pension age 65 then some are saying 50. It is all very confusing.