Last December 4, the European Commission adopted a comprehensive package of measures designed to remove barriers and unlock the full potential of the EU single market for financial services. This package is a central component of the Savings and Investments Union (SIU) strategy, aiming to create a more integrated, efficient, and competitive financial system providing EU […]
Commission proposes to promote supplementary pensions to secure retirement income
The European Commission adopted on 20 November a package of measures to help citizens obtain an adequate income in retirement through better access to better and more efficient supplementary pensions. The aim is to complement, not replace, public pensions, which form the basis of pension systems in all Member States. The adopted package is part […]
EU to boost financial literacy and investment opportunities for citizens
The European Commission announced last September 30th two major initiatives to advance the Savings and Investments Union and deliver tangible benefits for all EU citizens. The comprehensive package focuses on improving financial literacy for all and at all life stages and introduces a blueprint for Savings and Investment Accounts (SIAs) – a tool aimed at making […]
Savings and investments union: better financial opportunities for EU citizens and businesses
The Commission has adopted a new strategy to channel savings into productive investments. It seeks to increase EU citizens’ participation in capital markets with broader investment options and improved financial literacy, fostering their wealth and boosting the EU economy. About 70% of household savings in the EU – worth €10 trillion – are held as bank deposits. They are safe and […]