The Finance Care Service provides daily money management services for Adults who do not have capacity to manage money/ or cannot cope for various reasons and/or those exposed to potential financial safeguarding concerns. It acts as a DWP appointed Corporate Appointee managing welfare benefits.
“Do you help dependant and/or vulnerable Adult Service Users who are unable to access or manage their finances? Or do you help Adult Service Users for whom there are concerns about those around them accessing those finances?
If so, and the Adult does not have capacity to deal with money, a DWP appointed Appointee may be able to help.
As a DWP appointed Corporate Appointee, the Finance Care Service (FCS) helps Adults by protecting from financial abuse, claiming entitlements, negotiating with creditors, and supporting Adults with how to spend their money in their best interests in addition to providing Daily Money Management. If the Adult has little by way of assets, an Appointeeship can be a more cost effective way of dealing with finances rather than a Deputyship.
What is the Finance Care Service?
It is a Corporate Appointee organisation appointed by the DWP to receive benefits on behalf of someone unable to manage their financial affairs, or someone who may be at risk of financial abuse when it is safer to appoint another to manage their money.
The FCS is a not for profit organisation and supports Adults with learning disabilities, Adults with mental health support needs and older Adults, providing a financial advocacy support service.
What Does the Finance Care Service Do?
As Corporate Appointee it is responsible for acting on behalf of the Adult in all dealings with the DWP, including:-
- Acting as liaison and point of contact for finances, including creditors;
- Collecting benefits and managing monies in best interests;
- This can include paying care bills and household bills;
- Providing monies to Carer’s and Support Workers for shopping and spends;
- Providing money for holidays, equipment, clothes and furniture.
The service is unique, as Appointeeships are not just setup, left, and then acted upon when needed. Instead they are proactively monitored and evolve over time. Strategies are put in place to make positive impacts to Adults’ lives in light of financial status. It is important to note that the FCS is not just an Appointee, instead, it works to improve lives and provides very real hands-on support to circles of care.
How does the Finance Care Service hold the Adult’s Monies?
The Adult’s monies are held in a Bank account specifically setup for Corporate Appointee management. The account belongs to Adult at all times and is made out in their name. The account is accessible and manageable by the Appointee.
The monies held by the Bank are subject to their duties under the Financial Conduct Authority (FCA) regulation and the Financial Services Compensation Scheme (FSCS).
Shopping Card for Carers
A separate Carer’s Shopping Card banking platform can be provided alongside the Appointeeship, or as a separate standalone service. Whereupon a prepaid debit card is provided to the Adult’s Carers/Care Providers/Support Workers which allows managed and monitored access to smaller sums of money for shopping and spends.
How are referrals made to the Finance Care Service?
Referrals are usually made by Social Workers, Care Managers and Local Authorities following the outcome of a Needs Assessment. If the Adult is assessed as not having capacity to manage money, the referral can be made. The referral process is done online via the “referrals” page at:
Referrals are made via desktop computer, laptop, mobile phone or tablet in about 10 minutes, or over the telephone on 0161 973 5759.
What happens after a referral is made to the Finance Care Service?
Once the referral is received, the FCS will contact you within 6 working hours to confirm receipt and to request a copy of the Needs Assessment. The assessment is filed with the DWP BF56 Appointee application form at the DWP. The process for appointment takes around 4-6 weeks.
The FCS is managed by a Solicitor (non-practising since 2020 to setup the Finance Care Service) with many years of legal and Court of Protection (Finance & Property) Deputyship experience.
The ethos of the FCS is to have a positive impact on the lives of Adults it represents and to make the jobs of Social Workers, Support Workers, Safeguarding Teams, Advocates, Charities, Domiciliary Care Agencies, Care Home Operators and Family Members easier.
The FCS is here to help. Please get in touch with any queries or if you need any assistance.