With this comparator, investors can evaluate three dimensions of Retirement Savings Plans (PPR) in the form of investment funds: return (the average annual profitability is presented over different terms based on historical performance), costs (including commissions and recurring expenses), and risk level (on a scale from one to seven).
“It allows investors to examine the universe of products marketed in Portugal and more easily see, among the existing alternatives, what is most suitable according to their preferences, be it return or risk,” said the chairman of the Securities Market Commission (CMVM), Laginha de Sousa, to journalists at a press conference held today.
For the vice-president of the CMVM, Inês Drummond, this comparator provides “confidence and protection to the investor” when subscribing to these instruments.
The comparator is accessible on the Investor Portal and currently enables users to compare 77 PPR funds available in the market.
This initiative was part of the CMVM’s 2025-2028 strategic plan, with the goal of expanding it to other financial instruments in the future.
In May, the Insurance and Pension Funds Supervision Authority (ASF) launched a platform for comparing Retirement Savings Plans (PPR) in the form of insurance.
PPRs are one of the popular savings products in Portugal, primarily aimed at long-term savings for retirement.
PPR insurance plans are generally managed by insurance companies, which guarantee the total capital (and even a minimum return) and are supervised by ASF.
PPR funds, on the other hand, are managed by investment fund management companies and do not guarantee capital. Their return can be higher and varies according to risk, under the supervision of the CMVM.
