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5. After regulation 11(3) there shall be inserted–
“(4) The Scottish Ministers may pay a transfer value representing the value of a person’s pension credit or of investments made under regulation 13A(2) in the circumstances of Chapter II of Part IVA of the Pension Schemes Act 1993(1) and regulations made under that Chapter(2).”.
Part IVA was inserted into the Pension Schemes Act 1993 by section 37 of the Welfare Reform and Pensions Act 1999.
See Part III of the Pension Sharing (Pension Credit Benefit) Regulations 2000 (S.I. 2000/1054).
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