Best-selling pension plans

A Pension Plan from the Individual System, integrated into the pension fund BBVA MULTIACTIVO MODERADO, F.P.

The Pension Fund will invest, either directly or indirectly through CIIs, between 20% and 60% of its capital in Equities, depending on the expectations of the management team. The rest of the portfolio will be invested in public and private fixed income funds.

Suitable for people with moderate/low aversion to risk and preferably with a distant retirement horizon.

A Pension Plan from the Individual System, integrated into the pension fund BBVA MULTIACTIVO CONSERVADOR, F.P.

The Pension fund will invest direct or indirectly through CII between 0% and 30% of the assets in Equities according to the expectations of the management team. The rest of the portfolio will be invested in public and private fixed income funds.

Suitable for people with a moderate risk profile, in the approximate age range from 40 to 55 years old.

Individual System Pension Plan integrated into the Securities pension fund BBVA RENTA VARIABLE, F.P.

The fund invests over 75% in equities, largely international equities and preferably from medium-sized companies of average to high capitalization in OECD countries. The portfolio of the fund may be invested in securities denominated in currencies other than the euro.

Suitable for people with low aversion to risk and preferably with a distant retirement horizon.

A Pension Plan from the Individual System, integrated into the pension fund BBVA MULTIACTIVO DECIDIDO, F.P.

The Pension Fund will invest, either direct or indirectly through CIIs, between 50% and 90% of its capital in Equities, depending on the expectations of the management team. The rest of the portfolio will be invested in public and private fixed income funds.

Suitable for people with low aversion to risk and preferably with a distant retirement horizon.

Individual Pension Plan with Active Management, with an investment horizon in 2025. That is, the plan invests a part of the capital in equity assets and the rest in fixed-income assets. Moreover, as the established horizon (2025) draws closer, its risk level will progressively evolve towards a more conservative profile, in which security takes priority over return. The investment in currencies other than the euro may reach 100% of the total. The currency risk associated with the investment in international fixed-income and equity markets will be actively managed, potentially being covered in its entirety.

Intended for customers with a high risk profile with a retirement horizon close to 2025.

Individual Pension Plan with Active Management, with an investment horizon in 2030. That is, the plan invests a part of the capital in equity assets and the rest in fixed-income assets. Moreover, as the established horizon (2030) draws closer, its risk level will progressively evolve towards a more conservative profile, in which security takes priority over return. The investment in currencies other than the euro may reach 100% of the total. The currency risk associated with the investment in international fixed-income and equity markets will be actively managed, potentially being covered in its entirety.

Intended for customers with a high risk profile with a retirement horizon close to 2030.

Individual System Pension Plan integrated into the Renta Variable Mixta BBVA 30, F.P. pension fund.

A fund with an average international Equity investment of 60%, ranging between 30% and 75% based on market forecasts. The rest of the portfolio is invested in public and private fixed income securities, with an average duration in the portfolio of between 2 and 4 years, based on interest rate forecasts.

Suitable for people with a low risk aversion ranging from approximately 30 to 40 years old.

Individual Pension Plan with Active Management, with an investment horizon in 2040. That is, the plan invests a part of the capital in equity assets and the rest in fixed-income assets. Moreover, as the established horizon (2040) draws closer, its risk level will progressively evolve towards a more conservative profile, in which security takes priority over return. The investment in currencies other than the euro may reach 100% of the total. The currency risk associated with the investment in international fixed-income and equity markets will be actively managed, potentially being covered in its entirety.

Intended for customers with a high risk profile with a retirement horizon close to 2040.

A Pension Plan from the Individual System, integrated into the Variable-Income pension fund BBVA RENTA VARIABLE EUROPA, F.P.

The fund invests more than 75% in equity assets, primarily in European securities, with no capitalization limits, and where investments in other OECD markets are not ruled out. The portfolio of the fund may be invested in securities denominated in currencies other than the euro.

Suitable for people with low aversion to risk and preferably with a distant retirement horizon.

Individual System Pension Plan integrated in the Equity pension fund of BBVA TELECOMUNICACIONES, P.F.

Equitities fund that mainly invests in companies from global technology and telecommunications sectors. The portfolio of the fund may be invested in securities denominated in currencies other than the euro.

Suitable for people with an aggressive investment profile and preferably with a distant retirement horizon.

Individual System Pension Plan integrated into the balanced fixed income pension fund BBVA INDIVIDUAL, F.P.

The Fund tends towards an average investment in Equity of 20%, moving between 0% and 30% depending on market expectations. The rest of the portfolio is invested in fixed income and cash, with an average duration in the portfolio of between 1 and 4 years, based on interest rate forecasts.

Suitable for people with a moderate risk profile, in the 45-55 age bracket.

Individual System Pension Plan integrated into the Renta Variable Mixta BBVA 40, F.P. pension fund.

The fund invests between 30% and 50% in variable income, with its average at 40%. The rest shall be invested in fixed income and cash assets, with an average duration in the portfolio of between 2 and 4 years, based on interest rate forecasts.
The fund cannot invest more than 30% in currencies other than the euro, and can hedge this percentage in full.

Suitable for people with a moderate risk profile, in the approximate age range from 40 to 55 years old.

Guaranteed equity fund, whose investment policy is aimed at obtaining a specific target of guaranteed yields for participants from Banco Bilbao Vizcaya Argentaria, S.A.
This objective consists of achieve that the net asset value of the share to the maturity date of the guarantee, 01/31/2024, is equal to 100% of the net asset value of the share the day 01/15/2016 (VLI) increased by 70% of the revaluation point a point of the index EuroStoxx 50 PRICE ® (SX5E) (hereinafter, the " Index "), calculated on the VLI in the event of evolution positive of the Index; otherwise 100% of the initial net asset value, reduced by the percentage of depreciation of the index with a limit of 5% (that is, at least 95% of the initial net asset value).

Suitable for people with a retirement horizon near to 2024.

Pension plan of the Individual System integrated into the guaranteed pension fund BBVA NOVENTA Y CUATRO, F.P.
The profitability objective of this plan is achieve that the net asset value of the share to the maturity date of the guarantee, 03/21/2025, is equal to 100% of the net asset value of the share to 02/20/2015 incremented, in the event that is positive, for 50% of the revaluation point a point of the index of the index EuroStoxx 50 PRICE ® (reference rate of the stock exchange of the countries of the Eurozone) calculated on your Initial Net asset value and without take into account the profitability for dividend.
For further information, please consult the documents of the plan.


All kinds of people, especially those with an average level of long-term saving capabilities who expect to retire close to March 2025.

Guaranteed Individual Pension Plan that invests, mostly, in fixed-income.

BBVA guarantees the value of the investment to the participant to January 15, 2016 (or of the balance, if there are partial reimbursements or extraordinary transfers) and moreover, offer a plan for refunding of the initial investment guaranteed by BBVA, which consists of:

• Since February 25, 2022, a capital reimbursement plan in the form of an annual yield of 1,000 euros gross for every 10,000 euros invested to January 15, 2016 (or balance).


• To maturity, on February 25, 2031, the value of the investment will be equal to or greater than 10% of the invested capital to January 15, 2016 (or balance).