What is a corporate appointee?
A corporate appointee is an organisation approved by the Department for Work and Pensions (DWP) to manage the welfare benefits and day-to-day financial affairs of a person.
Corporate appointees tend to be larger organisations, such as a local authority, or Money Carer. Clients with corporate appointees often benefit from the collective expertise that the service can provide. These organisations are able to harness years of experience and knowledge in order to secure financial longevity for a person. Determining which party is more appropriate is primarily related to the vulnerable individual’s specific needs and circumstances.
The DWP can typically determine whether there is an appropriate party to provide the service in the first instance. This may be someone such as a family member or close friend. However, there are certain circumstances that may not permit this. On top of their initial search, the DWP also has to determine whether there is a safeguarding risk present, such as financial abuse. There may also be difficulty when finding a party that is not only suitable, but willing to act.
If these requirements cannot be met, a corporate appointee is typically determined to be the most suitable option. As pre-approved parties, they can provide an impartial service for those who require assistance. This can be especially beneficial for those in challenging personal or financial circumstances.
If you or someone you know could benefit from this kind of support, do not hesitate to get in touch, or download our appointeeship guide.
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Appointeeship, Deputyship, Power of Attorney, Money Management, Families