RA Charges

My husband is in the process of surrendering his Saraf FlexiPension Pure Investment (no cover) RA, as he's formally emigrated.OM wants to charge him for outstanding premiums plus a disinvestment fee (there is no market value adjuster, even though the fund value is currently above market value). His original policy did not allow for surrender / cash-in however current Tax legislation allows that he can withdraw his funds.<br> <br> I can understand the disinvestment fee, although similar newer products do not charge anything for early termination.<br> <br> What I cannot understand is how he can be charged for a product that he will not benefit from (ie his premiums for the remainder of the RA term but he is not being paid his guaranteed minimum payout). <br> His basic premiums, as per his policy are 100% invested and there is a small fee every month taken from his total premium for administration costs. In terms of the contract he is entitled to adjust contributions, or change the date of his retirement. There is no insurance on his policy. The Fund he is a member of changed from an underwritten Fund in 2008 and now invests as required by legislation in various assets.