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Saga Plc (LON:SAGA) partners with Goldman Sachs (NYSE:GS) to offer savings products

  • Saga Plc (LON:SAGA) today announced a new partnership with Goldman Sachs (NYSE:GS) to create new savings products for its customers.
  • The move is aimed at improving the company’s profits following its April profit warning.

The insurance company, which specialises in serving customers over 50 years of age, said that the initiative is aimed at restoring the firm’s “heritage of delivering high-quality products and services to its customers”.

Saga warned investors in April that its profits would suffer as older Britons cancelled their travel plans due to the uncertainty posed by Brexit.

The firm’s margins are also under pressure, which forced it to slash its dividend payouts.