Lisbon, Dec. 15, 2025 (Lusa) - The Portuguese Securities Market Commission, the market regulator, on Monday launched a financial instrument comparison tool, starting with a comparison of retirement savings plans in the form of investment funds, in an initiative aimed at providing greater "confidence and protection for investors" when subscribing to these products.
With this comparison tool, investors can compare three aspects of retirement savings plans (PPR) in the form of investment funds: return (the average annual return over different time periods is shown, based on historical performance), costs (including commissions and recurring expenses) and risk level (on a scale of one to seven).
"It allows investors to look at the universe of products marketed in Portugal and more easily see, among the alternatives that exist, what is most suitable for their preferences, whether return or risk," said the president of the Portuguese 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 comparison tool provides "confidence and protection for investors" when subscribing to these instruments.
The comparison tool is available on the Investor Portal and currently allows users to compare 77 PPR funds on the (Portuguese) market.
This initiative was part of the CMVM's 2025-2028 strategic plan, and the aim is to extend it to other financial instruments in the future.
In May, the Insurance and Pension Funds Supervisory Authority (ASF) launched a platform for comparing Retirement Savings Plans (PPR) in the form of insurance.
PPRs are one of the preferred savings products in Portugal and the aim is to save for the long term, especially for retirement.
PPR insurance is generally provided by insurance companies and guarantees the total capital (and even a minimum return), being supervised by the ASF.
PPR funds are managed by investment fund management companies and have no capital guarantee. The return may be higher and varies according to the risk. They are supervised by the CMVM, the independent public entity in Portugal that supervises, regulates and monitors the markets for financial instruments (such as shares, bonds, etc.), acting to protect investors, ensure market integrity and transparency, and promote its development. Its mission involves monitoring listed companies, financial intermediaries and market agents, sanctioning infringements and providing support and information to the public, including a conflict mediation service.
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