However, the homelessness charity Shelter warned that the Government would face costs of up to # 120 million per year due to the surge in homelessness caused by cuts to Local Housing Allowance and that councils would
incur additional administrative costs in processing the resultant thousands of homelessness applications.
The appropriate way to calculate a fair default charge was to make a reasonable pre-estimate of the
net additional administrative costs, an estimate of the total number of expected instances of default, and to apportion the costs accordingly.
First, any fee system will have
some additional administrative costs.
Whole life insurance policies are regularly ten times the cost of term life insurance as you're paying for permanent coverage,
additional administrative costs plus funding the investment account.
This, in turn, gets more expensive owing to
the additional administrative costs and the resultant high - interest rates.
Whole life insurance policies are regularly ten times the cost of term life insurance as you're paying for permanent coverage,
additional administrative costs plus funding the investment account.
The additional administrative costs listed in our example can be tantamount to double dipping — you're already paying for administrative costs in your operating costs.