This briefing provides additional economic background ahead of the public hearing of the Committee on Economic and Monetary Affairs on 8 April 2026. It complements EPRS briefings (here and here) on the recent Commission proposal on pensions of 20 November 2025, as well as on the revised regulatory framework for insurers (Solvency II) which will apply as of 30 January 2027. All initiatives aim to contribute to achieving the objectives of the Savings and Investment Union (SIU) by giving additional latitude to institutional investors on how to channel more “patient” long-term funding to growth and scale-up companies, including via investments in venture and private capital funds. The European Council conclusions of 19 March called on co-legislators to conclude negotiations on supplementary pensions by the end of the year. The current briefing provides (i) general information on the magnitudes involved; (ii) enabling conditions to be kept in mind also based on the Danish experience; (ii) a discussion of the transmission channel that has been identified between supplementary pensions and the stock market; (iv) as a form of summing up the topic a basic check list for policy makers who aim to boost domestic capital markets using this channel. Source : © European Union, 2026 - EP Read more