Pension – how do I plan my retirement?

Certainly one of the greatest achievements of the 20th century is the tremendous increase in life expectancies. But it comes at a cost. Allianz.com speaks with Theo Bouts, head of Allianz Global Life & Health, to gain insights into how to plan for these extended golden years. 

In an interview with the German magazine Focus, Allianz SE Board of Management member Maximilian Zimmerer makes a compelling case for life insurance. As he explains the investment alternatives open to Europe’s biggest investor in this era of the European Central Bank’s (ECB) zero interest rate policy, Zimmerer offers the same advice he would give his daughters. 

Young women today are increasingly better educated, and consequently have a better chance of managing their own financial future. 72 percent of women in Germany aged between 20 and 24 have completed higher secondary education or obtained tertiary qualifications. By comparison, 71 percent of men have reached this level. In the long term, this will mean that women will essentially be on the same footing as men when they reach retirement. Brigitte Miksa, Head of Allianz' International Pensions team, suggests the following six tips for women to ensure that they will be well provided-for in old age.