Savings partnership with Marcus by Goldman Sachs

RNS Number : 7310B

SAGA PLC

11 June 2019

 

Saga plc announces savings partnership with Marcus by Goldman Sachs

Saga plc ("Saga" or "the Group"), the UK's specialist in products and services for life after 50, today announces that Marcus by Goldman Sachs ("Marcus") 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 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."

ENDS

For further information please contact:

Saga plc
For investor queries:
Mark Watkins, Investor Relations Director	Tel: [phone]
	Email: [e-mail]
For media enquiries
Lisa Harris, Head of Communications	Tel: [phone]
	Email: [e-mail]
MHP Communications
Tim Rowntree/Simon Hockridge/
Alistair de Kare-Silver	Tel: [phone]
	Email: [e-mail]
Marcus
3 Monkeys Zeno
Katie Swain / Meghan Henricks	Tel: [phone]
	Email: [e-mail]

Notes to editors About Saga

Saga is a specialist in the provision of products and services for life after 50. The Saga brand is one of the most recognised and trusted brands in the UK and is known for its high level of customer service and its high quality, award winning products and services including cruises and holidays, insurance, personal finance and publishing. www.saga.co.uk

About Marcus by Goldman Sachs

Marcus by Goldman Sachs is an online bank offering an easy-access online savings account. Marcus is built on the expertise of Goldman Sachs, combining the firm's 150 years of experience with the innovation and approach of a cutting-edge tech company and has been operating in the US since 2016, with the UK launch marking its first international expansion.

Marcus by Goldman Sachs® is a registered trademark and trading name of Goldman Sachs International Bank. Goldman Sachs International Bank is registered in England and Wales (no. 1122503), authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under Financial Services Register number is 124659. The registered office is at Peterborough Court, 133 Fleet Street, London, EC4A 2BB.

 

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