01 Introduction 02 Workplace 03 Workforce 04 Marketplace 05 Next steps 03.3 Talking about financial wellbeing during International Women’s Day We used International Women’s The pension income of women in Germany Day 2022 as an opportunity is a full 46% below that of men, making Germany last in the OECD comparison to raise awareness of topics 3 Our colleague on gender pension gap. around financial wellbeing. Michaela Sommer, Asset/Life Specialist from Munich, dealt intensively with 1 According to research by McKinsey , an this topic through a project, and held unprecedented amount of assets will shift a webinar for all colleagues in Germany into the hands of women over the next to educate on understanding and three to five years. reducing gender pension gap in Germany. 2 I manage my financial wellbeing by starting However, a recent BNY Mellon study shows that women are less likely to invest, to save as early as possible and I always save compounding financial disadvantages at least 30% of my income. It is important to and limiting women’s collective influence stay disciplined on the budget and I would on corporate behaviour and the world. never spend more than I earn. I keep enhancing As part of the initiative, we asked my investment knowledge through reading colleagues to share their personal and discussions and seek for investment perspective on #financialwellbeing and how they got started taking a opportunities whenever they are available.” more structured approach towards their finances. Rima Suhaimi President Director, Head of Indonesia Distribution 1 https://www.mckinsey.com/industries/financial-services/our-insights/women-as-the-next-wave-of-growth-in-us-wealth-management 2 https://www.bnymellonim.com/uk/en/individual/inclusive-investment/ 3 https://www.oecd.org/germany/PAG2019-DEU.pdf Allianz Global Investors Diversity, Equity and Inclusion Report 2022 21