The Portuguese Insurance and Pension Funds Supervisory Authority (ASF) published its Q3 2025 report on pension fund activity, indicating that pension fund assets under management increased 1.1% versus end-2024 to around EUR 19.5 billion. Contributions to pension funds rose 46.8% compared with the same period of the previous year, while benefits paid increased by about 1.3%. At end-September 2025, 239 pension funds were under management, reflecting the establishment of six funds and the termination of six others.
Portuguese Insurance Regulator (ASF) 2025-11-27
Portuguese Insurance and Pension Funds Supervisory Authority reports pension fund assets up 1.1% to about EUR 19.5bn by end-Q3 2025
The Portuguese Insurance and Pension Funds Supervisory Authority (ASF) reported a 1.1% increase in pension fund assets under management to approximately EUR 19.5 billion as of Q3 2025. Contributions surged by 46.8% year-on-year, while benefits paid rose by 1.3%. The number of managed pension funds remained stable at 239, with six new funds established and six terminated.