Article 7 Widened investment powers for certain funds

Subject to paragraph (2) below, the persons administering each of the pension funds which are specified in Schedule 3 to this Order shall, in addition to their existing powers of investment in relation to those funds, have power to apply and invest moneys belonging to those funds in or upon any investments which any person could make if he were absolutely and beneficially entitled to those moneys.

Nothing in this Article shall entitle the persons administering a pension fund referred to in paragraph (1) above to apply or invest moneys in the manner mentioned in Article 3(1) of this Order.