Saga has entered into a trust account arrangement with the CAA, meaning all payments for flight-inclusive Atol-protected Saga holidays will be held in a CAA-approved trust account controlled and administered by an independent trustee.
The over-50s specialist said the move would offer customers “extra reassurance”, with money held in the account only yo be transferred to Saga once customers return from their holidays.
All payments for all Atol-protected holidays will be held in trust. Non-Atol holidays, such as coach travel, will continue to be financial protected by Saga’a Abta bond.
Chris Simmonds, managing director of Saga Holidays, said: “With continued restrictions on international travel, we know how important it is to our customers when booking a holiday that their money is safe.
“That’s why holding payments for our flight-based holidays in an independent trust gives our customers that extra peace of mind.”