EU Launches Savings and Investment Accounts, Seeks Input

The European Commission wants feedback on a proposal to create EU-wide savings and investment accounts as a part of a plan to have retail investors put money in the bloc’s strategic objectives.

The commission said in a release Wednesday that it’s seeking input on best practices for making savings and investment accounts an easy entry point into capital markets, including on their tax treatment.

“Experience in some Member States has shown the potential of this approach, by widening investment opportunities and increasing returns on savings for retail investors,” Maria Luis Albuquerque, commissioner for financial services and the Savings and Investments ...