Fund Management is our fully inclusive, highest level of Direct Payment support, giving you access to our full employment support package. This service is ideal for those clients who perhaps struggle with managing their Direct Payment and may wish to pass the responsibility for this to someone else but do not meet the requirements for an Appointeeship.
BBPS is ideally placed to take on this responsibility. We have over 10 years’ experience working with Direct Payments and our friendly team will be happy to assist with any queries you may have. Included with this package is complete budget management taking the financial stress away from the client allowing them to get on with the business of enjoying an independent and fulfilling life.
All relevant documentation will be processed and your financial obligations to your PA, HMRC and pension provider will be fulfilled by us, along with assisting you in meeting your legal obligations as an employer ensuring that you are fully compliant.
We can also assist with vacancy advertising and the provision of a safe interview space, away from your home. For a comprehensive list of what is included please see Service Level 5 in our Account Type Information page.
An account manager will be allocated to your account providing a single point of contact. They will ensure that your funds are used in the correct way, that your payments to PA’s, HMRC etc are made on time and that you remain within your allocated budget.
The system will also provide a clear audit trail on funds. You will have an Individual Transaction Report (ITR). This can be accessed through our secure website portal, 24/7, reflecting a real-time status of your account.
As we work directly with the Local Authority (LA) there would be no requirements to send bank statements and invoices every 3 months for audit monitoring. Any unused funds will be returned to the LA removing the worry & stress of financial requests and deadlines.
This system offers protection for both the Service User and the Local Authority whilst eliminating the opportunity for fraudulent use of funds.