Spain & Portugal: Pensions and Investment News and Analysis

Latest news and analysis of pensions, asset management, regulation and trends in Spain and Portugal from our award-winning journalists.

Pension Funds in Spain & Portugal - Country Report

Spain

Spanish pensions report 2023: funds ride a wave of uncertainty

Diversification remains a key tool in pension fund portfolios

TOP SPANISH & PORTUGUESE PENSION FUNDS 2023

Pension fund/entity | Assets (€’000)

Spain

  1. Pensions Caixa 30 | 8,120,784
  2. PSE Grupo Endesa | 2,943,173
  3. Empleados Telefònica de España | 2,750,525

Portugal

  1. FEFSS | 22,200,000
  2. CGD Pensões | 4,154,000
  3. Grupo Banco Comercial Portugês | 3,558,436

©IPE Research;  See IPE’s Top 1000 Pension Funds for the full ranking

Key fund data for Spain

Spain key pension data

Sources: Pension assets - IPE research; Occupational pension assets as % of GDP - OECD June 2022; Working population, data as of end 2021 - World Bank; Projected old-age dependency ratio 2050 per 100 people - Eurostat 2021; Gross average replacement rate - OECD Pensions at a Glance, 2021; Asset Allocation - OECD Pension Funds in Fugures, June 2022 *Data on asset allocation in these figures include both direct investment in equities, bills and bonds, cash and deposits and indirect investment through CIS when the look-through of CIS investments is available. Otherwise investments by pension funds in CIS are shown in a separate category.

Key fund data for Portugal

Portugal key pension data

 

Sources: Pension assets - IPE research; Occupational pension assets as % of GDP - OECD June 2022; Working population, data as of end 2021 - World Bank; Projected old-age dependency ratio 2050 per 100 people - Eurostat 2021; gross average replacement rate - OECD Pensions at a Glance, 2021; Asset Allocation - OECD Pension Funds in Fugures, June 2022

IPE European Pension Fund Awards

IPE BEST PENSION FUND IN SPAIN AWARD WINNERS

  • 2023 - GM Pensiones | Pensions Caixa 30
  • 2022 - GM Pensiones
  • 2021 - GM Pensiones
  • 2020 - Plan de Pensiones Nestlé
  • 2019 - Plan de Pensiones Nestlé
 

IPE BEST PENSION FUND IN PORTUGAL AWARD WINNERS

  • 2023 - FP Banco Santander Totta
  • 2022 - FP Banco Santander Totta
  • 2021 - Ageas Pensões | Fundo Pensões Banco Santander Totta
  • 2020 - Ageas Pensões
  • 2019 - Ocidental Pensões

Find out more about the IPE awards and how to be involved