A volar fixation system includes a T-shaped plate intended to be positioned against the volar side of the radial bone, a plurality of bone screws for securing the plate along a non- fractured portion of the radial bone, and a plurality of bone pegs which extend through the threaded peg holes in the plate and into bone fragments of a Colles' fracture. Various peg hole and peg arrangements are disclosed, including an embodiment in which the pegs can be articulated through a range of angles within respective peg holes and fixed at a desired angle within the range.