Date lodged: 29 June 2017
To ask the Scottish Government what action it can take to encourage people to save for retirement.
Answered by: Jeane Freeman 25 July 2017
The Scottish Government's Fairer Scotland Action Plan (FSAP), published in October 2016, sets out a number of commitments to ensure that older people can enjoy a thriving "third age". This means supporting people who want to keep on working, and ensuring that older people have access to high quality advice on maximising their incomes and reducing costs where possible.
It is, however, important that people in the general population are aware of the importance of saving for the future. That is why the Scottish Government is committed to improving levels of financial knowledge and capability across the generations. In Scotland, opportunities to develop financial education are available to our young people in the senior phase of school based learning. The FSAP sets out our commitments to financial inclusion for all, including ensuring that advice services provide accessible and high quality advice to those who need it, and introducing a Financial Health Check Service for pensioners and those on low incomes, to be rolled out in 2018.