The European Commission published two proposals under its savings and investments union agenda: a strategy to raise financial literacy across the EU and a blueprint for “savings and investment accounts” (SIAs) intended to make investing simpler and more accessible for retail savers. On financial literacy, the Commission cites survey results showing that fewer than 20% of EU citizens have a high level of financial literacy and sets out measures centred on coordination and sharing of best practices, an EU-wide awareness campaign, EU funding for initiatives and research, and monitoring progress and impact over time. On SIAs, it recommends that all EU countries introduce accounts offered by authorised financial services providers that allow retail investors to invest in capital markets, supported by tax incentives and simplified tax procedures. The blueprint highlights key design features including access through a wide range of providers (including banks, investment firms and neobrokers), a simple user experience online and offline, the ability to open multiple accounts and transfer portfolios without excessive fees or cumbersome processes, broad investment choice (including shares, bonds and funds) to support diversification, and streamlined tax processes that can rely on SIA providers for tax declarations. The Commission will work with EU countries and stakeholders on implementation.
European Commission 2025-09-30
European Commission sets out a financial literacy strategy and recommends EU-wide savings and investment accounts
The European Commission proposed measures under its savings and investments union agenda, focusing on financial literacy and "savings and investment accounts" (SIAs) to simplify retail investing. The literacy strategy includes EU-wide campaigns and funding, while the SIA blueprint suggests tax incentives and simplified procedures for investment through various providers. The Commission plans to collaborate with EU countries and stakeholders for implementation.