Savings and Investments Union (SIU)
Summary
The Savings and Investments Union programme seeks to increase retail participation, channel savings into productive investment and strengthen EU capital markets. It includes a blueprint and tax recommendation for savings and investment accounts, a financial-literacy strategy, pension measures and measures on institutional equity investment. Further work covers venture and growth capital, cross-border investment barriers, trading and post-trading rules, supervision, banking integration and a mid-term review.
Action items
1–6 of 24 items
Source order · D = digital dimension- Item 1
The Commission will adopt measures (legislative or non-legislative) by Q3 2025 to create a European blueprint for savings and investments accounts or products based on existing best practice. These measures will be accompanied by a recommendation addressed to the Member States on the tax treatment of savings and investments accounts. The Commission will closely monitor the uptake of these accounts and regularly report on progress.
- Item 2
The Commission will facilitate agreement between Parliament and Council on the Retail Investment Strategy. However, the Commission will not hesitate to withdraw the proposal if the negotiations fail to meet the intended objectives of the Strategy.
- Item 3
The Commission will adopt by Q3 2025 a financial literacy strategy to empower citizens, raise awareness and increase their participation in capital markets, thus creating a more “investment savvy” culture. The strategy will also seek to increase exchanges of best practices among Member States and to provide further guidance on implementing the existing financial competence frameworks.
- Item 4
The Commission, together with the European Investment Bank (EIB) Group, the European Stability Mechanism (ESM) and national promotional banks among others, will explore how to increase opportunities for retail investors to access suitable financial products that allow them to contribute to the funding of EU priorities.
- Item 5
The Commission will issue by Q4 2025, recommendations on the use of and best practices for auto-enrolment, pensions tracking systems and pension dashboards that will set out best practices and lessons learned from across the EU and recommend the development of such tools.
- Item 6
The Commission will by Q4 2025, review the existing EU frameworks for Institutions for Occupational Retirement Provision (IORPs) and the Pan-European Personal Pension Product (PEPP) with the aim of increasing participation in supplementary pensions to ensure adequate income in retirement and improving the capacity of pension funds to direct households’ savings into productive and innovative investment.