# Plan de Pensiones de Empleados del Grupo Bankia Plan de Pensiones de Empleados del Grupo Bankia is a Pension Fund based in Madrid, Spain. ## Overview - **Organization type:** Pension Fund - **Headquarters:** Madrid, Spain - **Region:** Europe - **Address:** Madrid, Spain - **Founded:** 2021 - **Assets under management:** Undisclosed - **Website:** www.fondoempleadosbankia.com ## Regulatory record - **Reports private funds:** No ## About The plan launched on January 1, 2021, as a direct consequence of the CaixaBank-Bankia merger, consolidating retirement obligations for the former Bankia workforce into a single vehicle. CaixaBank, S.A. serves as the promoting entity, and the fund is managed by VidaCaixa — the group's insurance and pensions arm. Labor unions Comisiones Obreras (CCOO) and Unión General de Trabajadores (UGT) sit on the Control Commission, providing employee oversight of investment policy and benefit administration. Investment strategy follows a mixed-system pension model with explicit environmental, social, and governance criteria integrated into manager selection and portfolio construction. Asset-class exposure spans domestic real estate — including positions in Merlin Properties SOCIMI in Madrid and Inmobiliaria Colonial SOCIMI in Barcelona — and Spanish government bonds (per Tesoro Público). The plan's ESG mandate is supported by VidaCaixa's participation in the Principles for Responsible Investment and the Spanish Sustainable Investment Forum, Spainsif. Total assets remain undisclosed publicly. The plan's sole function is to provide retirement, disability, and survivor benefits to legacy Bankia employees, making it a closed group — no new participants join beyond the original post-merger cohort. There are no known venture capital or private equity co-investment programs; the fund operates as a traditional occupational pension scheme with a conservative, income-oriented mandate. Structurally, the plan is a founder-sponsored occupational pension — not a multi-employer vehicle or a commercial pension manager — governed jointly by the promoting employer and elected employee representatives. This arrangement reflects Spain's mandatory collective bargaining model for employment pensions, where union presence on the Control Commission is required by law. The relationship with Fundación "la Caixa" provides an indirect philanthropic connection, though the pension plan's assets and governance remain entirely separate from the foundation's endowment. ## Sectors - Real Estate - Government Bonds - ESG ## People - VidaCaixa — Fund Manager - CaixaBank, S.A. — Promoting Entity - Comisiones Obreras — Control Commission Representative - Unión General de Trabajadores — Control Commission Representative ## Questions ### Who makes investment decisions for the plan? VidaCaixa, the insurance and pensions division of CaixaBank Group, acts as the fund manager with full discretionary authority over investment decisions. The plan's Control Commission — which includes representatives from Comisiones Obreras and UGT — provides oversight and policy guidance but does not select individual investments. ### What is the plan's relationship to CaixaBank? CaixaBank, S.A. is the promoting entity that established the plan as part of its obligations following the merger with Bankia in 2021. The plan serves legacy Bankia employees exclusively and is managed by VidaCaixa, CaixaBank's wholly-owned pensions subsidiary. ### How does ESG factor into the plan's investment approach? ESG criteria are integrated into the plan's investment strategy through VidaCaixa's membership in the Principles for Responsible Investment and Spainsif, Spain's sustainable investment forum. The integration applies to manager selection and portfolio construction across asset classes. ### Who is eligible to participate in this pension plan? Participation is limited to former Bankia Group employees who were part of the workforce at the time of the CaixaBank merger. The plan is a closed group — no new members join beyond the legacy cohort — and it functions as a defined-benefit or mixed-system occupational pension scheme. ## Related profiles - [University of Warwick](https://altss.com/profile/university-of-warwick) - [Pension Fund of Commerce](https://altss.com/profile/pension-fund-of-commerce) --- Last updated: 2026-06-03T20:00:00.000Z Canonical page: https://altss.com/profile/plan-de-pensiones-de-empleados-del-grupo-bankia Maintained by Altss — https://altss.com — methodology: https://altss.com/methodology