The Portuguese Insurance and Pension Funds Supervisory Authority published provisional 2025 data on pension fund amounts under management, showing that assets under management exceeded EUR 19.8bn at end-2025, a 2.9% increase versus end-2024. As of 31 December 2025, there were 238 pension funds under management, down by one compared with end-2024, reflecting the closure of three closed pension funds, two open collective-adherence funds and three PPR pension savings plan funds, alongside the establishment of four closed pension funds and three open collective-adherence funds. The ranking of pension fund management entities also changed within the top five positions, which together represent 79.5% of the market.
Portuguese Insurance Regulator (ASF) 2026-01-19
Portuguese Insurance and Pension Funds Supervisory Authority reports provisional 2025 pension fund assets under management above EUR 19.8bn
The Portuguese Insurance and Pension Funds Supervisory Authority reported that pension fund assets under management reached EUR 19.8 billion at the end of 2025, marking a 2.9% increase from the previous year. The number of pension funds decreased to 238, with notable changes in the top five management entities, which account for 79.5% of the market.