Spanish pension scheme assets increased by 4.7 per cent (€6.5bn) between January and September 2026 to total €144.5bn at the end of Q3, data from Inverco has shown.

The improvement was made despite a negative return of -0.4 per cent in the third quarter, which was driven by ‘market effects’.

Assets in the individual pension system increased by 5.3 per cent year-on-year to €101bn at the end of September, while assets in the employment pension system increased by 3.3 per cent over the same period to €42.2bn.

Assets in the associated pension system totalled €808m at the end of September.

The return over the past year for all pension schemes was 7.7 per cent, maintaining positive results across all long-term time horizons.

The average annual return was 2.6 per cent over 26 years, while over 10 and 15 years it reached 4.3 per cent and 5 per cent respectively.

In the first three quarters of 2026, Spanish pension scheme contributions hit €2.23bn, an increase of 8.9 per cent compared to the same period in 2025.

Contributions to the individual pension system totalled €1bn in January-September, a similar level to the previous year, rising by 0.7 per cent.

Meanwhile, the employment pension system saw contributions of €1.23bn in the first nine months of 2026, an increase of 16.1 per cent over the same period last year.

Within this system, simplified employment pension scheme contributions increased by 120 per cent over the timeframe to €268m.

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