The London Government Reorganisation (Pensions etc.) Order 1989
This Order gives effect, with modifications, to proposals of the London Residuary Body for the transfer of the superannuation fund maintained by it under the Local Government Superannuation Regulations 1986 (S.I. 1986/24) (“the 1986 Regulations”) and of associated matters to a new body corporate to be called the London Pensions Fund Authority (“the Authority”). The main modifications are:—certain compensation functions are not transferred;different provision is made about consultation by the Secretary of State;the provisions of Schedule 12 to the Local Government Act 1972 (c. 70) (meetings and proceedings) are not applied to the Authority; and;a levying power (as explained below) is provided instead of a right to recover expenses.