The European Commission has requested input on the European framework for savings and investment accounts through a Call for Evidence on a European blueprint for savings and investment accounts. This European Commission initiative aims to promote citizens' participation in capital markets. This should both increase the return on savings and increase the availability of financing for EU companies. From DUFAS, we have responded to this.
We strongly support the introduction of a savings and investment account - a tax-advantaged form of investment, inspired by similar schemes in countries such as Sweden. This account should make it easier, more affordable and more attractive for private investors to invest. In doing so, it can play an important role in encouraging wealth accumulation, especially for households with modest assets who now primarily save.
In our response to the Call for Evidence, we outlined how the account should be designed to be successful.
