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 and ensuring that any purchases have been made in line with our allowable investments schedule
• importing electronic datafeeds
• reconciling valuations and bank statements
• entering consolidated tax vouchers and reclaiming income tax on investment income
• recording corporate action transactions

Investment services department

• 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.