This presentation was presented at the OECD's Conference on Business, Finance and Gender on 8 March 2017. More information: http://oe.cd/wmn

1. © MERCER 2017 0
H E A L T H W E A L T H C A R E E R
P E N S I O N G E N D E R G A P
H O W C A N W E R E S P O N D ?
Eve Read
Head of Proposition, Mercer
@eveyr
#WhenWomenThrive
@OECD_BizFin

2. © MERCER 2017 1
L I F E S T Y L E ATTITUDESAT T I T U D E SD E M O G R AP H I C
• LOWER RETIREMENT AGE
• CARING RESPONSIBILITIES
• DIVORCE
• FINANCIAL CONFIDENCE
• INVESTMENT CHOICES
• EARNINGS
• GENDER PAY GAP
• FLEXIBLE ROLES
• ACCESS TO HIGHEST PAYING
ROLES
• GREATER LONGEVITY
£ M O R E
C O N S E R V AT I V E
I N V E S T M E N T S
D R I V E R S O F T H E P E N S I O N G A P
L E S S W O R K E D
H O U R S
L O W E R
C O N T R I B U T I O N S
= PENSIONS GAP

3. © MERCER 2017 2
Source: Eurostat, EU-SILC, 2014
40%
AV E R A G E
G E N D E R
P E N S I O N G AP
I N T H E E U
0 – 10%
10 – 20%
20 – 30%
30 – 40%
40 – 50%
% difference between
male and female average
pensions
for persons aged 65-74
P E N S I O N G E N D E R G A P I N E U R O P E A N
U N I O N C O U N T R I E S

4. © MERCER 2017 3
AGEING
POPULATION
JOB AUTOMATION
LONGEVITY
FINANCIAL WELLNESS
PROGRAMMES
FLEXIBLE WORKING
F U T U R E T R E N D S T H AT W I L L
I M PA C T T H E G A P

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EMPLOYERS
SOCIETY
• LOWER SAVINGS
• WILL LIVE LONGER
• RISK OF POVERTY
• STATE ASSISTANCE
• FINANCIAL WORRIES #1 CAUSE OF
STRESS
• 3 IN 10 WOMEN SAY MONEY WORRIES
HAVE IMPACTED THEIR JOB1
PRODUCTIVITYGENDER DIVERSITY
1. CIPD, 2017
• COMPETITIVE ADVANTAGE
• TALENT RETENTION
• POSITIVE BOTTOM LINE IMPACT
W H Y W E S H O U L D C A R E

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PAY EQUALITY
INCREASE PENSION
CONTRIBUTIONS
FLEXIBLE WORK
SUPPORTIVE
ENVIRONMENT
DEFAULT FUND
EDUCATION
COMMUNICATION
L E S S H O U R S
W O R K E D
L O W E R
C O N T R I B U T I O N S
£
M O R E
C O N S E R V A T I V E
I N V E S T M E N T S
POLICYMAKERS
EMPLOYERS
INDIVIDUALS
GENDER EQUALITY
IN CARING DUTIES PUBLIC DISCOURSE
PAY AND GENDER
EQUITY REPORTING
STAND UP FOR
EQUALITY
(MEN AND WOMEN)
UNDERSTAND
CONSEQUENCES OF
CAREER BREAKS
UNDERSTAND YOUR
TRUE RISK PROFILE
W H AT C A N B E D O N E ?

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TA R G E T E D C O M M U N I C AT I O N E X A M P L E

8. © MERCER 2017 7
CLIENT 1 – 750 SCHEME MEMBERS
FEMALES WERE:
• 15% more likely to watch the video to the end
• 30% more likely to click to increase their pension
contributions
CLIENT 2 – 310 SCHEME MEMBERS
FEMALES WERE:
• 44% more likely to watch the video to the end
• 23% more likely to click to increase their pension
contributions
TA R G E T E D C O M M U N I C AT I O N F I N D I N G S

9. © MERCER 2017 8
THE GENDER PENSION GAP IS REAL AND IS AFFECTING
INDIVIDUALS, SOCIETIES AND COMPANIES
THE SOLUTION REQUIRES COORDINATED ACTION FROM ALL PARTIES
– THE TIME TO ACT IS NOW
K E Y TA K E AWAY S

10. © MERCER 2017 9
THANK YOU
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