The Portuguese Securities Commission (CMVM) has made available a Financial Instruments Comparison tool designed to help users compare, analyse and assess financial instruments. The first release covers Retirement Savings Plans (RSPs) structured as investment funds, allowing comparisons across return, costs and risk. Return is shown as the fund’s average annual return over different time horizons, risk is presented via the synthetic risk and reward indicator on a one-to-seven scale from the Key Investor Information Document (KIID), and costs are based on the Ongoing Charges Figure (OCF), including commissions and recurring expenses such as management, depositary, audit and supervisory fees. The tool provides a comparative view showing whether a selected fund is above, below or aligned with the median of the selected universe, and a tabular view that supports filtering by name, management company, fund type and risk class, sorting by criteria, and exporting results to an Excel file. Over the coming year, the CMVM expects to extend the tool’s scope to other financial instruments, as part of its Strategic Plan 2025–2028 objective to reinforce investor confidence through more structured and comparable information.

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