The Savings and Investments Union (SIU) aims to create better financial opportunities for EU citizens, while enhancing our financial system’s capability to connect savings with productive investments. This will lead to more choice for savers who wish to grow their household wealth and allow businesses across Europe to grow.
Four strands of work
Connecting savings with productive investments will require close collaboration.
Citizens and savingsEU citizens can greatly benefit from investing in capital markets, as they can get higher returns from their savings, thus boosting household wealth and retirement security.
Investments and financingEU businesses and the economy need more capital and more financing options in order to grow, innovate and create jobs. Public funding alone is insufficient and so capital markets have an important role to play.
Integration and scaleFragmentation in EU capital markets must be addressed as it holds back growth and prevents EU citizens and businesses from benefiting from the single market effect.
Efficient supervision in the single marketThe EU must ensure all market actors receive the same supervisory treatment regardless of location in the EU. Creating a level playing field will support competition and investors’ confidence in EU markets.
Saving for the future
The Savings and Investment Union offers citizens greater opportunities to save for retirement, major life events, and other long-term goals, such as children’s education or buying a home.
By choosing to allocate a portion of their savings into productive investments to finance the EU’s objectives (e.g. climate transition, innovation or defence), citizens can enjoy higher returns and prepare for their future.
Key measures for implementing the SIU
- 2025 Q3Encouraging retail participation in capital markets
- EU Savings and Investments Accounts
- Financial literacy strategy
- 2025 Q4Developing the supplementary pension sector
- Recommendations on auto-enrolment, pension tracking systems and pension dashboards
- Review of the Institutions for Occupational Retirement Provision (IORP) Directive and the Pan- European Personal Pension Product (PEPP) Regulation
- 2025 Q4Market integration and supervision
- Market Infrastructure Package
- Improving cross-border provision of funds and reducing operational barriers facing asset managers
- More integrated and harmonised supervision
- 2025 Q4Promoting equity investment
- Eligibility and clarification of equity investment by institutional investors
- 2026 Q3Promoting equity investment
- European Venture Capital Fund (EuVECA) Regulation review
- 2026Banking sector
- Report assessing the overall situation of the EU banking system, including its competitiveness
- Q2 2027Mid-term review
- The Commission will publish a mid-term review of the overall progress in achieving the savings and investments union
