Insurer parity: private insurers placed at par with traditional insurer for pension and gratuity fund investments. The amendment extends insurer parity by permitting approved private insurers to provide annuities and group gratuity scheme services for Approved Super Annuation Funds and approved gratuity funds, placing them on the same footing as the previously designated insurer and clarifying permissible deposit and investment alternatives where fund monies are not utilised for such schemes.