Pension Funds/Opinions/Operation of pensions funds

Language to be used in communications to participants and beneficiaries

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Since the legal regime for pension funds does not provide a specific solution for the language to be used in communications between management entities and pension fund members and beneficiaries, the legal regime provided for in Decree-Law no. 95/2006, of 29 May, concerning distance contracts for financial services concluded with consumers, will apply in the context of a cross-border pension plan. In fact, in such cases, in principle, the information and other clarifications to be provided to members of the pension plan will be made through remote communications.

Therefore, Article 9 of the above mentioned legal diploma provides for the mandatory use of the Portuguese language in all information that is transmitted to a Portuguese consumer "except when the consumer accepts the use of another language". 

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