Briton Eyeing Property Punches Air as Pension Limits Axed

Christine Reid punched the air when she heard Britain plans to tear up the limits on what people can do with their pension savings. Instead of relying on a “paltry” income, she can now invest in property.

The biggest shakeup of the pensions industry in almost a century, announced by Chancellor of the Exchequer George Osborne in his budget last week, has thrown open the options available to Reid and millions of other Britons approaching retirement.