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.

Reimbursement of Retirement Savings Plans (“PPR”) for the payment of installments of credit contracts guaranteed by a mortgage on real estate intended for own and permanent habitation

Decree-Law No. 158/2002 of 02/07

Find out about the rules for reimbursing retirement savings plans (PPR) under Article 4(g) of the Legal Framework for Retirement Savings Plans and how to go about reimbursing PPRs under this rule.

Discover the award-winning BBVA Reforma Solutions

  • BBVA Estratégia Investimento PPR

    Recognised with the "RIGHT CHOICE" seal by Deco Proteste in PPR funds with 50% or more in shares.
    Learn more about this fund

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

  • M3 Investimento PPR

    Recognized with the "Best PPR Fund with Risk 5" Award at the Jornal de Negócios/APFIPP Best Funds Awards - 2025.
    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

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.

     

  • 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.

     

  • 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.

     

Plan your future!

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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.

Design your retirement with someone who knows how!

  • 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 it invests until the strategy matures on November 30, 2026.

     

  • BBVA Multiativo Decidido

    An open-ended pension fund with the objective of medium/long-term capital growth, which diversifies its investment in global stock market assets in a range between 50% and 90%, in the global bond market and through alternative investments, directly or indirectly through units in ICOs with different strategies.

  • 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.

  • 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.

     

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BBVA Multi3stratégia Portfolios

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

More information about BBVA Retirement solutions

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

This disclosure is of an advertising nature and is made by BBVA Mediación, Operador de Banca-Seguros Vinculado, S.A. (BBVA Mediación), 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. The management entity of the open pension funds is BBVA Fundos - Sociedade Gestora de Fundos de Pensões, S.A., authorised for this purpose and subject to ASF supervision, where it is registered under code 3816, as you can see on the ASF website. The Information Documents (ID) and Management Regulations are available at any BBVA branch, at www.bbvaassetmanagement.com/pt, www.bbva.pt and www.asf.com.pt.
This information does not constitute the provision of any advice, nor does it represent a recommendation for the purposes of the applicable legal framework. It also does not constitute legal, tax, or any other type of advice regarding any specific product. The enquiry does not dispense with the legally required pre-contractual and contractual information.
The value of the units held varies according to the evolution of the value of the assets that make up the pension savings funds' assets and there is no guarantee of capital or income. The reimbursement of PPRs is subject to the legally established conditions and can be made at any time, under the contractually established terms, with the tax consequences provided for in the Tax Benefits Statute. Open pension funds do not allow repayment at any time, but only under the conditions laid down by law.

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.

Any questions?

Ask us how. We help you make the best decisions.

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