Mobilizing private savings in order to fund investments in European Union -among other things in Defense– The regular summit of yesterday (20.3.25).
The EU places particular emphasis on mobilizing pension savings and in particular proposes improvements to the existing “Pan -European Personal Pension Product”.
It is recalled that the Pan-European Personal Pension Product, PEPP) is one Voluntary personal pension system that offers EU citizens a new savings option for retirement.
The PEPP Volunteer Pension System is Complementary of state and professional pensions. PEPP offers similar benefits to other personal retirement products, while allowing mobile workers to transfer their savings when looking for work in another EU Member State.
PEPP providers can offer the basic PEPP and other investment options (at most six options). The basic PEPP is the default investment option. It uses risk reduction techniques so that PEPP saveries can regain their capital or a guarantee of capital they have invested. Costs and charges are also limited to Basic PEPP.
In detail, the European Council’s announcement is as follows:
1. Given the challenges of EU competitiveness, it is of the utmost importance to create truly integrated and deeper European capital markets, with the achievement of the Capital Market Union urgently and the completion of the banking union.
A real savings and investment union will contribute to Hundreds of billions of euros in additional investment in the European economy each year, helping to stimulate competitiveness, strategic autonomy and economic security of the EU.
2. In this context, and in the light of the Commission’s announcement of 19 March 2025, the European Council:
(a) expects SYN – legislators to quickly agree on all pending proposals from 2020 of the Action Plan for the Capital Markets Association, including insolvency.
(b) In order to supplement actions at the EU level, it stresses the need for actions at national level in order to increase the size and depth of capital markets that are accessible to all citizens and businesses throughout the Union.
3. In order to expand opportunities for citizens, he calls:
– The Commission, the Council and the Member States to promote work towards the highest participation of individuals in the capital markets, making European investment and savings available, including enhanced capabilities for savings and pension products at EU levels, utilizing the best possible to provide for the best possible to provide for optimal practices. 2025.
– The Commission to propose in 2025 improvements to the existing pan -European personal retirement product.
In order to increase the private funding of businesses, he calls on the committee:
– to submit proposals for the improvement of private shares and business capital and, in accordance with the respective responsibilities arising from the circumstances,
-Propose an optional 28th Corporate Law status that will allow innovative companies to expand, in a timely manner to allow co -faioners to take decisive measures by 2026,
– to suggest rapidly, in 2025, a revised securitization framework, including targeted adjustments under preventive supervision, while maintaining the financial stability
– Continue reviewing equal terms of competition worldwide in banking and insurance sectors and take appropriate measures
5. In terms of improving the convergence and efficiency of capital market supervision throughout the EU and reducing fragmentation, it calls on the Commission, in cooperation with the competent national and European competent and European.
Principles:
– Ensure converging supervisory practices. To this end, it is necessary to promote the homogeneous application, interpretation, application and application of EU law by the national competent authorities,
– Complete the evaluation and work on the conditions that will allow European supervisory authorities to effectively supervise the most systematically important cross -border agents of capital markets and the financial market, with the aim of enhancing financial integration and securing financial stability, financial integration, financial stability and financial stability, Given the interests of all Member States, and, on the basis of this assessment, to submit, where appropriate, a proposal for supervision, rapid removal of obstacles for market unification with the view to market infrastructure and cross -border investment
– The rationalization of existing rules and the elimination of overlays, the clarification of the regulatory provisions and to reduce the cost of compliance and reporting,
6. It underlines the importance of mobilizing private funding for the European Defense Industry and calls on the committee to consider the possibility Further utilization of EU programs, such as utilizing Investeu Member experience Member State, taking into account the particular nature of the security and defense of certain Member States.