The CMVM launched this Monday a financial instrument comparators, starting with the comparison of PPR in the form of investment funds, in an initiative that aims to give more “confidence and protection to investors” when subscribing to these products.
With this comparator, investors can compare three dimensions of Retirement Savings Plans (PPR) in the form of investment funds: return (the average annual profitability is presented over different periods, based on historical evolution), 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 sold in Portugal and more easily see, within the alternatives that exist, what is most appropriate given their preferences, whether return or risk”, said the president of the 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 comparator gives “investor confidence and protection” when subscribing to these instruments.
The comparator is accessible on the Investor Portal and, at the moment, allows users to compare 77 PPR funds being marketed.
This initiative was included in the CMVM strategic plan 2025-2028 and the objective 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 producers in Portugal and the objective is to save in the long term, especially for retirement.
PPR insurance, in general, is carried out by insurance companies and guarantees the entire capital (and up to 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 depending on the risk. Its supervision is carried out by the CMVM.