Saga plc (LON: SAGA), the UK’s specialist in products and services for life after 50, today announced that Marcus by Goldman Sachs is to become its new long-term savings partner. Saga and Marcus will launch new products together from autumn 2019.
Marcus launched in the UK in September 2018 with an easy-access savings account. It has been praised for its strong customer service and, to date, has attracted over 250,000 customers in the UK.
This announcement is one of several strategic initiatives by the Group that are aimed at returning Saga to its heritage of delivering high quality products and services to its customers.
Lance Batchelor, Chief Executive Officer of Saga plc said:
“This is an exciting time for Saga and our customers as we announce our new long-term savings partnership. We know that our customers hold a large proportion of their wealth in savings and want to know that they’re getting a great return with a brand they can trust.
“This is an important strategic partnership for Saga that will help us provide innovative and high- quality products that will be designed not just to meet our customers’ needs, but to exceed their expectations.”
Harit Talwar, Global Head of Marcus by Goldman Sachs, said:
“We are excited to collaborate with brands such as Saga and to provide savings products to their customers. This partnership is an example of our ambition to bring our global scale and deep capabilities to meet a broad range of personal finance and investment needs.”