On Tuesday, 30 September, the European Commission presented a common model for savings and investment accounts (SIAs) (see EUROPE B13657A31). The EU institution is recommending that Member States implement this European ‘blueprint’ when they create or adapt their national frameworks for this type of account.
Inspired by the best practices identified, the proposed model is supposed to be both “simple” and fiscally attractive. It aims to steer private individuals’ savings into...