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Archive » February 2026 » The Eu Recommendation on savings and investment accounts

The Eu Recommendation on savings and investment accounts

Francesco Del Signore, David Sabatini
February 2026 - n. 2
Keywords: Conti di risparmio e di investimento, Unione europea
Jel codes: G20, O52, F55, E21

On 30 September 2025, the European Commission adopted a Recommendation establishing an European blueprint for Savings and Investments Accounts (Sia). Addressed to the Eu Member States, it encourages them to develop a model of Sia at national level, although it does not have binding legal effect. Its application will necessarily have to deal with the specificities of each country: economic policy orientations, characteristics of savings markets, peculiarities of tax systems, margins of manoeuvre of public finance and, last but not least, the existence or absence of instruments already present and potentially similar to Sias. In the Italian context, it is already possible to identify some points of attention that will require an in-depth examination.

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