1. © GfK 1 AXA RETIREMENT SCOPE 2006 « Retirement: Dawn of a new age » An international vision May 4 th, 2006

2. © GfK 2 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 3 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 Europe Asia - Pacific North America Japan

4. © GfK 4 Identifying an international typology (on 11 countries) Two key dimensions Pessimism Inactive retirement Active retirement Optimism

5. © GfK 5 Two international families 52% Dynamic 48% Passive Pessimism Inactive retirement Active retirement Optimism

6. © GfK 6 Family Centered 9% Two international families Several self-explanatory sub-segments Apathetic 12% Idle 25% Deprived 11% 48% Workaholic 17% Health Obsessed 5% Hedonist 16% Openhearted Hyperactive 5% 52% Dynamic Passive Pessimism Inactive retirement Active retirement Optimism

7. © GfK 7 Feel « happy » during retirement Feel « unhappy » during retirement Get psychologically prepared74%38% Be physically, socially, culturally active (average number of activities) 2.51.7 Be healthy44%10% Have regular contacts with their relatives70%65% Have a sufficient retirement income69%38% Get financially prepared (average number of measures) 4.12.8 Have a private insurance38%22% The combination of factors for a happy retirement

8. © GfK 8 1 – Get psychologically prepared 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 Physica l decline, poverty Rest Doing nothing Physic al decline Physical decline, Poverty, Loneliness Openhearted Hyperactive 5% Deprived 11% Idle 25% Apathetic 12% Hédonist 16% Family Centered 9% Health Obsessed 5% Workaholic 17%

9. © GfK 9 2 – Be physically, socially and culturally active. The most dynamic are the happiest ! In % Openhearted Hyperactive 5% Deprived 11% Idle 25% Apathetic 12% Hédonist 16% Family Centered 9% Health Obsessed 5% Workaholic 17%

10. © GfK 10 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 Aftercar e Sports Nothing Average number of activities In % Openhearted Hyperactive 5% Deprived 11% Idle 25% Apathetic 12% Hedonist 16% Family Centered 9% Health Obsessed 5% Workaholic 17%

11. © GfK 11 4 – Think we will have a sufficient retirement income In % Openhearted Hyperactive 5% Deprived 11% Idle 25% Apathetic 12% Hédonist 16% Family Centered 9% Health Obsessed 5% Workaholic 17%

12. © GfK 12... and be financially prepared In % Working people Openhearted Hyperactive 5% Deprived 11% Idle 25% Apathetic 12% Hédonist 16% Family Centered 9% Health Obsessed 5% Workaholic 17%

13. © GfK 13... With an important personal involvement In % Oneself Openhearted Hyperactive 5% Deprived 11% Idle 25% Apathetic 12% Hédonist 16% Family Centered 9% Health Obsessed 5% Workaholic 17%

14. © GfK 14 Anglo-Saxon countries Open- hearted Hyper- active Hédo- nist Health Obses- sed Family Centered Worka- holic Idle Apathe- tic Deprived % of the total sample5%16%5%9%17%25%12%11% Total population = 6 915n=319n=1091n=394n=619n=1163n=1700n=895n=734 Australia828611201458 Canada82238271977 United-States718510261679 United Kingdom33689151478 Above average Below average A very typed socio-economical and cultural context: happy Anglo-Saxons

15. © GfK 15 Anglo-Saxon countries Open- hearted Hyper- active Hédo- nist Health Obses- sed Family Centered Worka- holic Idle Apathe- tic Deprived % of the total sample5%16%5%9%17%25%12%11% Total population = 6 915n=319n=1091n=394n=619n=1163n=1700n=895n=734 Australia828611201458 Canada82238271977 United-States718510261679 United Kingdom33689151478 Germany420812927812 Belgium6157101519209 France61262610151312 Spain1810511302015 Italy366314312612 Above average Below average Continental Europe A very typed socio-economical and cultural context: mixed continental Europeans

16. © GfK 16 Anglo-Saxon countries Open- hearted Hyper- active Hédo- nist Health Obses- sed Family Centered Worka- holic Idle Apathe- tic Deprived % of the total sample5%16%5%9%17%25%12%11% Total population = 6 915n=319n=1091n=394n=619n=1163n=1700n=895n=734 Australia828611201458 Canada82238271977 United-States718510261679 United Kingdom33689151478 Germany420812927812 Belgium6157101519209 France61262610151312 Spain1810511302015 Italy366314312612 Hong-Kong24121455911 Japan342120352115 Above average Below average Continental Europe « Asia » A very typed socio-economical and cultural context: unhappy Asian retirees

17. © GfK 17  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

18. © GfK 18 To get more information... http://www.retirement-scope.axa.com/