Article 2 of this Order transfers to the London Pensions Fund Authority ( “the LPFA”) the functions, rights and liabilities of the London Residuary Body “the LRB”) in relation to certain compensation payments to persons whose contracts of employment with the London Residuary Body, the Greater London Council or the Inner London Education Authority terminated on or before 31st December 1991.

Article 4 transfers to the LPFA the functions, rights and liabilities of the LRB which relate to, or arise from, any such contract of employment.

Article 5 vests in the LPFA the functions, rights and liabilities of the LRB in relation to certain proceedings or cause of action in respect of claims for personal injury or for damage to property.

Paragraphs (2) to (4) of that article enable the LPFA to continue the LRB’s function of dealing with all claims for personal injury made against the Inner London Education Authority by persons who, at the relevant time, were its employees and which arose before 1st April 1990 out of or in the course of employment. The Secretary of State’s direction referred to in footnote (a) to article 5(3) may be inspected at the offices of the London Residuary Body, Globe House, 4 Temple Place, London WC2R 3HP.

Article 6 provides that the LRB is to pay to the LPFA £14.7 million to defray expenditure incurred under article 2, 4 or 5.