BETTER FINANCE supports the Citizens' Omnibus initiative as an opportunity to ensure that EU financial services rules and markets work more effectively for individual investors, savers and pension beneficiaries. While EU legislation has significantly expanded cross-border access to financial products and services, citizens continue to encounter obstacles related to pension portability, account mobility, digital onboarding, fragmented administrative procedures and complex disclosures.
The priority should be to simplify citizens' interactions with financial markets, not to reduce the transparency and protections upon which they depend. Future simplification measures should focus on improving usability, interoperability and accessibility while preserving high standards of investor protection. A truly citizen-centred Single Market should enable individuals to save, invest and prepare for retirement across borders with the same ease and confidence as within their home Member State.
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