This information is provided by BBVA Mediación, Operador de Banca-Seguros Vinculado, S.A..

Retirement solutions

Because retirement is a very important stage in life, we should start to plan for it early.

Law no. 19/2022 of 21.10, as amended by the State Budget Law for 2024 - Exceptional legal regime for the redemption of savings plans without penalty

Learn about the new rules on redemption of retirement savings plans (PPR - planos de poupança-reforma), education savings plans (PPE - planos de poupança-educação) and retirement savings/education plans (PPR/E - planos poupança-reforma/educação). Exceptional regime until 12/31/2024.

Discover the award-winning BBVA Reforma Solutions

BBVA Estratégia Investimento PPR

Recognized with the "Best PPR Fund with Risk 4" Award at the Jornal de Negócios/APFIPP Best Funds Awards - 2024.
Learn more about this fund

This award is the sole responsibility of the entity that awarded it. Learn more at apfipp.pt
M3 Investimento PPR

Recognized with the "Best PPR Fund with Risk 5" Award at the Jornal de Negócios/APFIPP Best Funds Awards - 2024.
Learn more about this fund

This award is the sole responsibility of the entity that awarded it. Learn more at apfipp.pt

The "BBVA Estratégia Investimento PPR" Fund and the "M3 Investimento PPR" Fund are managed by the management company BBVA Fundos - Sociedade Gestora de Fundos de Pensões, S.A., authorized for this purpose and subject to supervision by the Insurance and Pension Funds Supervisory Authority (ASF). The enquiry does not dispense with the legally required pre-contractual and contractual information.

This disclosure is of an advertising nature and is made by BBVA Mediación, Operador de Banca-Seguros Vinculado, S.A., registered with the ASF under code OV-0060, as can be verified on the ASF site, the entity responsible for marketing individual subscriptions to BBVA Pension Funds, as an intermediary for open pension funds, using for this purpose the distribution network of Banco Bilbao Vizcaya Argentaria, S.A. - Portuguese Branch.

It does not imply the provision of any advice, nor does it constitute a legal, tax or other recommendation or advice.

Retirement Solutions

BBVA Poupança Reforma Plans
BBVA Open pension funds
BBVA Multi3stratégia Portfolios

It is important to save for your retirement.

Discover the different alternatives we have for you, starting at €25/month.

Every month, little by little, and without burdening your financial responsibilities, supplement your pension through a flexible long-term savings plan that is suits your needs.

Find out about the new Retirement Savings Pension Funds

The Fund uses Socially Responsible Investment (SRI) valuation criteria and aims for medium- to long-term capital growth. Through a flexible investment approach focused on diversification and risk control, it invests between 30% and 50% of its portfolio in global equity markets.

Fund flyer
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A Retirement Savings Pension Fund that invests in different highly liquid assets on the Eurozone bond market to generate returns in-line with the interest rates of the assets it invests in until the strategy matures on 31 October 2025.

Fund flyer
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A Retirement Savings Pension Fund that invests in different highly liquid assets on the Eurozone bond market to generate returns in-line with the interest rates of the assets it invests in until the strategy matures on 30 November 2027.

Fund flyer
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Plan your future!

BBVA Estratégia Capital PPR
A Retirement Savings Pension Fund that seeks to protect assets through an active approach to investments in global bond markets with high liquidity, focused on diversification and risk control.
- Fund flyer
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BBVA Estratégia Acumulação PPR
A Retirement Savings Pension Fund that aims to increase capital through an active approach to investments in global bond and stock markets with high liquidity, focused on diversification and risk control.
- Fund flyer
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BBVA Estratégia Investimento PPR
A Retirement Savings Pension Fund that aims to increase capital through an active approach to investments in global stock markets with high liquidity, focused on diversification and risk control.
- Fund flyer
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Design your retirement with someone who knows how!

Open Pension Funds, available from €25/month.

Active and flexible management solutionsthat allow you to generate increasing long-term savings and that will give you the comfort you need for retirement.

Every month, little by little, supplement your retirement starting at €25/month.

Find out more about BBVA Obrigações 2026

An Open Pension Fund that invests in different highly liquid assets on the Eurozone bond market to generate returns in-line with the interest rates of the assets in which it invests until the strategy matures on November 30, 2026. See the Fund Flyer.

Design your retirement with someone who knows how!

BBVA Multiativo Moderado
The Fund aims to increase capital in the medium/long term through a flexible investment strategy focused on diversification and risk control, by investing global bond and stock markets.
- Fund flyer
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BBVA Sustainable Conservative ISR
The Fund uses Socially Responsible Investment (ISR) valuation criteria and aims at medium/long-term capital growth. Through a flexible investment approach focused on diversification and risk control, it invests primarily in global bond markets and up to 30% in equity markets.
- Fund flyer
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BBVA Sustainable Moderate ISR
The Fund uses Socially Responsible Investment (ISR) valuation criteria and aims at medium/long-term capital growth. Through a flexible investment approach focused on diversification and risk control, it invests in global bond markets and in a range between 30% and 50% in equity markets, directly or indirectly through UCITS units, with different strategies, including absolute return strategies.
- Fund flyer
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BBVA Multi3stratégia Portfolios

An alternative solution

We combine three retirement savings funds according to your investment needs.

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Taxation and liquidity conditions

Retirement Savings Plans (PPR) vs. Open Pension Funds (FPA).

Preparing for the retirement of the babyboomer generation in Portugal

7th survey of the BBVA Institute of Pensions
December 2020

Warnings to the investor

There is no capital or revenue guarantee in the following BBVA pension funds.
It is only possible to redeem funds from the following Open Pension Funds: BBVA Sustentável Conservador ISR [BBVA Conservative Sustainable Socially Responsible Investment], BBVA Sustentável Moderado ISR [BBVA Moderate Sustainable Socially Responsible Investment] and BBVA Multiativo Moderado [BBVA Moderate Multi-asset] as provided for by law. Amounts can be withdrawn from the Retirement Savings Funds BBVA Estratégia Capital PPR [BBVA Capital Strategy Retirement Savings Plan], BBVA Estratégia Acumulação PPR [BBVA Accumulation Strategy Retirement Savings Plan] and BBVA Estratégia Investimento PPR [BBVA Investment Strategy Retirement Savings Plan] at any time, subject to the applicable tax penalty and withdrawal fee, as defined in the Information Documents (DI) and Management Regulations, in accordance with the legal terms.
Subscription and redemption fees may apply.

BBVA Mediación, Operador de Banca-Seguros Vinculado, S.A., under code OV-0060 and registered with the Insurance and Pension Funds Supervisory Authority (ASF), as evidenced on the ASF website, is the entity responsible for marketing the BBVA Pension Funds, as broker of open pension funds, using the distribution network of Banco Bilbao Vizcaya Argentaria SA, Portugal Branch. The Information Documents (DI) and Management Regulations are available at any BBVA Branch and at www.bbvaassetmanagement.com/pt, www.bbva.pt, and www.asf.com.pt.

Why BBVA Reforma retirement solutions?

How do you see yourself tomorrow? BBVA Reforma Solutions are a savings vehicle to help you can save little by little, month after month, and secure a more comfortable future for your retirement without having to change your current and future habits.