Suncorp Portfolio Services Limited (SPSL), a company within the Suncorp group, is the trustee of two superannuation funds, Suncorp Master Trust (the Master Trust) and the Suncorp Pooled Superannuation Trust. At the time of the Commission’s inquiries, the Master Trust had funds under administration of around $6.8 billion and approximately 216,000 members. The Master Trust contains a number of different divisions as a result of several successor fund transfers between 2008 and 2011. The assets in at least three of those divisions are invested in life insurance policies issued by Suncorp Life and Superannuation Limited (Suncorp Life), another company within the Suncorp group.
The evidence focused on two issues:
- the payment of amounts by SPSL to Suncorp Life for services, and the disclosure of those payments to members; and
- some aspects of SPSL’s responses to the MySuper reforms.
The Commission heard evidence from Mr Maurizio Pinto, the Executive Manager of the Office of the Superannuation Trustee within SPSL.
 Transcript, Maurizio Pinto, 13 August 2018, 4806.
 Exhibit 5.320, Witness statement of Edward Cooley, 25 July 2018, 3 .
 Exhibit 5.320, Witness statement of Edward Cooley, 25 July 2018, 2 ; Exhibit 5.320, Witness statement of Edward Cooley, 25 July 2018, Exhibit EAC-1 [SUN.1506.0001.0007].
 Transcript, Maurizio Pinto, 13 August 2018, 4804; Exhibit 1.164, Witness statement of Maurizio Pinto, 5 August 2018; Exhibit 5.165, Witness statement of Maurizio Pinto, 6 August 2018.