The assets of individual system pension plans recorded an increase of 5.07% in the first nine months of 2026, which means an additional 5.218 billion and raises the total managed volume to 108.083 billion at the end of September, according to Vdos.
By type of entity, independent groups recorded the largest increase in assets, with 9.67%, placing themselves ahead of insurers, which achieved 8.35%.
Even so, banking entities continue to lead by managed volume, with 82.465 billion euros under management and a 76.30% share. Behind them are independent groups, with 7.51% of the market, and credit cooperative societies, which reach 6.02%.
CaixaBank consolidates its leadership as the national entity with the largest volume in pension plans, by adding 27.408 billion euros and a share of 25.43%. Next are BBVA, with 19.416 billion, and Santander, with 11.696 billion.
By type of asset, equity plans are those that have increased their assets the most, with a variation of 15.13% through September. Far behind are mixed plans, with 3.70%, monetary plans, with 1.76%, and absolute return plans, with 0.09%.
On the opposite side, fixed-income plans suffered a negative performance of 3.96%, while plans with a maturity strategy recorded a also negative return of 2.25%.
Profitability of the main managers
In terms of results, Caser Pensiones leads the ranking of the large managers by profitability, with 8.65%, surpassing Occident Pensiones, with 8.05%, and Caja Ingenieros Vida, with 7.65%.
Within the independent entities, Dunas Capital Pensiones stands out, reaching an average profitability of 17.66%, followed by Cobas Pensiones, with 15.17%, and Bestinver Pensiones, with 11.37%.
If analyzed by type of plan, equity products obtained a return of 14.85%, mixed ones of 4.32%, absolute return ones of 1.10% and monetary ones of 0.99%. Only fixed-income plans closed the period with a negative return, of 0.57%.
By category Vdos, the international equity Asia-emerging plans were the most profitable, with 26.11%, followed by international equity USA, with 16.21%, global international equity, with 15.73%, Spain equity, with 12.03%, and euro equity, with 9.77%.