Fund management image

At BBPS, we aim to make the process of Direct Payments & Personal Health Budgets as simple as possible for our clients. As a new service, we now offer our Fund Management service, where we offer a solution to remove the burden of financial management, for our clients.

Put simply, we maintain and distribute funds on behalf of individuals who may require additional support with administering their health and social care funding. Upon receipt of the client’s budget from the provider, we will manage, maintain, secure the fund and pay all relevant bodies on the client’s behalf.

  Our service can be used to manage:  
                                            Fund Management 2                                                               
  • Direct Payments
  • Individual Service Funds
  • Personal Budgets
  • Personal Health Budgets
  • Self Funded Budgets
  • Local Education Authority Funding                                                           
  Fund Management                                                                                         


With our fully managed accounts, we take away the stress of managing these funds, and all of the financial monitoring and reporting that comes with them. We will ensure that the funds are managed and maintained in a secure and timely manner, taking the stress, burden and responsibility away from the client.

As part of our service, we will also provide a robust archiving and reporting system on the service users’ behalf, for provider audit. We will also be responsible to maintain and manage adequate financial records on behalf of the service user.

We will also alert our clients, or their budget provider, if their funds are running low and are not sufficient enough to cover ongoing employment costs such as holidays or Employer National Insurance.

If requested, clients will have access to their own, secure, individual portal on our website, which will allow them to go on and access any account/transaction information.

BBPS will provide support to our clients every step of the way and our account managers will always be at hand to deal with any issues that may arise. 

 

 

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