Retirement solutions

Because retirement is a very important stage in life, we should start to plan for it early.
Preparing for the retirement of the babyboomer generation in Portugal
7th survey of the BBVA Institute of Pensions
December 2020

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.

Plan your future!

There are no results

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 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.

  • 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.


There are no results

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).

Warnings to the investor

  • There is no capital or revenue guarantee in the following BBVA pension funds.
  • It is only possible to withdraw 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,, and

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.

Tools that help you plan your contributions so that you can enjoy the standard of living you desire in your retirement.

Information, analysis, and perspectives on pension systems adjusted to the profile of each person, with the aim of contributing to the knowledge of citizens.

Both scenarios offer tax advantages, and the difference essentially lies in terms of money provision and repayment.


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

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Discover all the features and tools of the BBVA digital channels and services available on your computer and smartphone.

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+351 21 391 14 16

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BBVA Responde will answer you

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