BETTER FINANCE, the public interest organisation representing European citizens as savers and investors, welcomes the European Commission’s communication on the Savings and Investments Union (SIU), alongside the draft report by MEP Lalucq on facilitating investment financing and reforms to boost European competitiveness and establish the SIU. This strategic initiative seeks to strengthen citizens’ wealth and enhance the EU’s economic resilience. We are pleased to see several of BETTER FINANCE’s recommendations reflected in both the Commission’s proposals and Ms Lalucq’s report.
We applaud Ms Lalucq’s strong focus on directing household savings into productive investments and securing competitive returns, both essential for pension adequacy in light of Europe’s growing pensions challenge. We fully support her call for a blueprint for an EU investment savings account, offering simple and accessible products tailored to individual investors.
The SIU marks a significant step towards a pan-European financial ecosystem, enabling individuals to access investment opportunities and non-financial companies to secure funding across the EU. BETTER FINANCE has been actively engaged in shaping this agenda, consistently advocating for clear, comprehensible product information, simplified investment processes, and improved access to corporate shares and bonds.