Internal structure

Investment manager (IM) accounts are administered by two departments within Suffolk Life and the key responsibilities are detailed below.

Investment accounting department

  • inputting contract notes
  • importing electronic datafeeds
  • reconciling valuations and bank statements
  • entering consolidated tax vouchers and reclaiming income tax on investment income
  • recording corporate action transactions

Cash Management - Account opening team

  • carrying out due diligence checks on IM company where required
  • establishing IM accounts
  • sending out IM agreement where no global agreement in place
  • completing IM account opening documentation
  • obtaining confirmation of account set up including account reference and bank details
  • transferring funds to IM accounts on behalf of our investors and their advisers.