Derek McDowell (Labour)

I do not see where this cost factor arises. What does administering the policy actually amount to when the policy has matured, they have calculated whatever non-contractual interest they are going to pay and have transferred the money into the fund? It may appear on somebody's computer somewhere but that is surely the end of it. I cannot see how it would be a huge burden on the assurance companies in those circumstances, which would make it in their interests to get shut of a policy early.