AXA Distribution Investment ICVC - AXA IM UK Professional ...
© GfK 1 AXA RETIREMENT SCOPE 2006 « Retirement: Dawn of a new age » An international vision May 4...
-
Upload
elijah-shaw -
Category
Documents
-
view
214 -
download
0
Transcript of © GfK 1 AXA RETIREMENT SCOPE 2006 « Retirement: Dawn of a new age » An international vision May 4...
1 © GfK
AXA RETIREMENT SCOPE
2006
« Retirement: Dawn of a new age »
An international vision
May 4th, 2006
2 © GfK
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
3 © GfK
• 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
4 © GfK
Identifying an international typology (on 11 countries)
Two key dimensions
Pessimism
Inactive retirement
Active retirement
Optimism
5 © GfK
Two international families
52%52%
Dynamic
48%48%
Passive
Pessimism
Inactive retirement
Active retirement
Optimism
6 © GfK
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
7 © GfK
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
8 © GfK
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%
9 © GfK
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%
10 © GfK
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%
11 © GfK
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%
12 © GfK
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%
13 © GfK
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%
14 © GfK
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
15 © GfK
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
16 © GfK
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
17 © GfK
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