Saga the travel and insurance company are teaming up with Goldman Sachs as they are to launch a new savings products and services.
The move will see Saga work as new “long-term savings partner” with Marcus, Goldman’s savings arm.
Since the UK launch Marcus has attracted 250,000 customers, the move is part of an international expansion for Goldman Sachs retail banking arm.
Chief executive 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, “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.”