Saga chooses Marcus by Goldman Sachs for savings

Saga chooses Marcus by Goldman Sachs for savings

Over 50 specialist Saga has chosen Marcus by Goldman Sachs as its new long-term savings partner.

Saga and Marcus will launch new products together in the autumn.

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 more than 250,000 customers in the UK.

This announcement is one of several strategic initiatives aimed at returning Saga to its heritage of delivering high-quality products and services to its customers, the over 50 specialist said.

Chief executive officer Lance Batchelor 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: “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.”

Categories: News, UK Pensions