Corporate appointeeship is the name given in the UK to the process of an accredited organisation becoming the designated Appointee to a person that is unable to manage their own finances. Corporate appointees are often local authorities in the UK and firms of solicitors or consumer advocate organisations that provide an appointeeship service when a suitable family member or friend is unavailable or lacking to take over the daily money management services and responsibilities of the person in need of an appointee.
Corporate appointees need to be approved by the Department for Work and Pensions as the appointee is responsible for receiving the benefit entitlement payments on behalf of the individual representing. Corporate appointee services have been extended by The Money Carer Foundation that has served to highlight the lack of financial protection that often leads to the financial abuse of vulnerable individuals unable to manage their finances.
Famous quotes containing the word corporate:
““It’s hard enough to adjust [to the lack of control] in the beginning,” says a corporate vice president and single mother. “But then you realize that everything keeps changing, so you never regain control. I was just learning to take care of the belly-button stump, when it fell off. I had just learned to make formula really efficiently, when Sarah stopped using it.””
—Anne C. Weisberg (20th century)