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AXA RETIREMENT SCOPE

2006

« Retirement: Dawn of a new age »

An international vision

May 4th, 2006

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AXA Retirement Scope Objectives

• Analyse and understand the personal attitudes and behaviours of the general public towards retirement

• Understand where do people better live their retirement and why: Identify the conditions for a happy retirement

• Compare working people aspirations towards retirement to actual real life of retirees: do people realise the issues; how do they prepare themselves

Build a reference research on Retirement

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• 8745 interviews of working people and retirees(600 interviews by country / 800 in the United-States)

• Interviewed via telephone

• An annual scope

Methods

14 surveyed countries in 2005

Germany

AustraliaBelgiumCanada

Spain

United States

France Hong Kong

Italy

Japan

The United Kingdom

The Netherlands

Portugal

New Zealand

EuropeAsia - PacificNorth

America

Japan

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Identifying an international typology (on 11 countries)

Two key dimensions

Pessimism

Inactive retirement

Active retirement

Optimism

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Two international families

52%52%

Dynamic

48%48%

Passive

Pessimism

Inactive retirement

Active retirement

Optimism

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Family Centered

9%

Two international familiesSeveral self-explanatory sub-segments

Apathetic12% Idle

25%

Deprived11%

48%48%

Workaholic17%

Health Obsessed

5%

Hedonist16%

Openhearted Hyperactive

5%

52%52%

Dynamic

Passive

Pessimism

Inactive retirement

Active retirement

Optimism

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Feel « happy » during

retirement

Feel « unhappy » during

retirement

Get psychologically prepared 74% 38%

Be physically, socially, culturally active (average number of activities)

2.5 1.7

Be healthy 44% 10%

Have regular contacts with their relatives

70% 65%

Have a sufficient retirement income 69% 38%

Get financially prepared (average number of measures)

4.1 2.8

Have a private insurance 38% 22%

The combination of factors for a happy retirement

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1 – Get psychologically prepared

98

85

72

100

61

4953

35

13

30

10

2730

26

54

14

Positive vision of retirement Negative vision of retirement

In %

Family, Travels, Rest

Voluntary, Time for oneself, Enjoy myself, Family Time for

oneself, Enjoy myself, Enjoy life

Rest, Enjoy life

Physical decline

Time for oneself, Enjoy myself, Work

Physical decline, Poverty, Loneliness

Physical decline, poverty

Rest

Doing nothing

Physical decline

Physical decline, Poverty, Loneliness

Openhearted

Hyperactive5%

Deprived 11%

Idle 25%

Apathetic12%

Hédonist 16%

Family Centered

9%

Health Obsessed

5%

Workaholic

17%

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2 – Be physically, socially and culturally active.The most dynamic are the happiest !

3,0 2,5 2,4 1,8 1,6 1,4 1,63,9

46

50

30 30

48

11

25

8

Average number of activities (current or planned) Very happy (in %)

In %

Openhearted

Hyperactive5%

Deprived 11%

Idle 25%

Apathetic12%

Hédonist 16%

Family Centered

9%

Health Obsessed

5%

Workaholic

17%

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4

2417

54

2934

3937

Very healthy (in %)

3,1

2,11,9 1,8

1,61,1

1,6

3,7

3 – Feel healthy and maintaining a good shape

Sports, healthy food, stay active, avoid stress, sleep early

Sports, healthy food, stay active

No drinking, no smoking, healthy food, sleep early, avoid stress

Sports, work

Aftercare

Sports

Nothing

Average number of activities

In %

Openhearted

Hyperactive5%

Deprived 11%

Idle 25%

Apathetic12%

Hedonist 16%

Family Centered

9%

Health Obsessed

5%

Workaholic17%

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4 – Think we will have a sufficient retirement income

24

68

54

6268

5349

42

28

53

61

100

72

85

98

35

Sufficient retirement income Positive vision of retirement

In %

Openhearted

Hyperactive5%

Deprived 11%

Idle 25%

Apathetic12%

Hédonist 16%

Family Centered

9%

Health Obsessed

5%

Workaholic

17%

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7376

61

72

65

59

47

41

3,5 2,83,9 3,64,0 4,1 3,8

3,1

Has prepared retirement Average number of subscribed products

... and be financially prepared

In %

Working people

Openhearted

Hyperactive5%

Deprived 11%

Idle 25%

Apathetic12%

Hédonist 16%

Family Centered

9%

Health Obsessed

5%

Workaholic

17%

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5857

76 79

6575

76

66

... With an important personal involvement

84

76

82 78

74

8083

76

59 60

52

6257

53

4650

The Government The Employer

In %

Oneself

Openhearted

Hyperactive5%

Deprived 11%

Idle 25%

Apathetic12%

Hédonist 16%

Family Centered

9%

Health Obsessed

5%

Workaholic

17%

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An

glo

-Saxon

cou

ntr

ies

Open-hearted Hyper-active

Hédo-nist

Health Obses-

sed

Family Centered

Worka-holic

IdleApathe-

ticDeprived

% of the total sample 5% 16% 5% 9% 17% 25% 12% 11%

Total population = 6 915 n=319 n=1091 n=394 n=619 n=1163 n=1700 n=895 n=734

Australia 8 28 6 11 20 14 5 8

Canada 8 22 3 8 27 19 7 7

United-States 7 18 5 10 26 16 7 9

United Kingdom 3 36 8 9 15 14 7 8

Above average

Below average

A very typed socio-economical and cultural context: happy Anglo-Saxons

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An

glo

-Saxon

cou

ntr

ies

Open-hearted Hyper-active

Hédo-nist

Health Obses-

sed

Family Centered

Worka-holic

IdleApathe-

ticDeprived

% of the total sample 5% 16% 5% 9% 17% 25% 12% 11%

Total population = 6 915 n=319 n=1091 n=394 n=619 n=1163 n=1700 n=895 n=734

Australia 8 28 6 11 20 14 5 8

Canada 8 22 3 8 27 19 7 7

United-States 7 18 5 10 26 16 7 9

United Kingdom 3 36 8 9 15 14 7 8

Germany 4 20 8 12 9 27 8 12

Belgium 6 15 7 10 15 19 20 9

France 6 12 6 26 10 15 13 12

Spain 1 8 10 5 11 30 20 15

Italy 3 6 6 3 14 31 26 12

Above average

Below average

Con

tin

en

tal

Eu

rop

eA very typed socio-economical and cultural context: mixed continental

Europeans

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An

glo

-Saxon

cou

ntr

ies

Open-hearted Hyper-active

Hédo-nist

Health Obses-

sed

Family Centered

Worka-holic

IdleApathe-

ticDeprived

% of the total sample 5% 16% 5% 9% 17% 25% 12% 11%

Total population = 6 915 n=319 n=1091 n=394 n=619 n=1163 n=1700 n=895 n=734

Australia 8 28 6 11 20 14 5 8

Canada 8 22 3 8 27 19 7 7

United-States 7 18 5 10 26 16 7 9

United Kingdom 3 36 8 9 15 14 7 8

Germany 4 20 8 12 9 27 8 12

Belgium 6 15 7 10 15 19 20 9

France 6 12 6 26 10 15 13 12

Spain 1 8 10 5 11 30 20 15

Italy 3 6 6 3 14 31 26 12

Hong-Kong 2 4 1 2 14 55 9 11

Japan 3 4 2 1 20 35 21 15

Above average

Below average

Con

tin

en

tal

Eu

rop

e« A

sia

 »A very typed socio-economical and

cultural context: unhappy Asian retirees

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Be active, open-minded and get psychologically prepared

Get financially prepared, make some savings and anticipate

Feel healthy and maintain a good shape

In conclusion, psychological and financial preparation is the secret of a good

retirement

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To get more information ...

http://www.retirement-scope.axa.com/