Tag Archives: M&S Money

M&S Money

M&S Money Reduces Loan Rate

M&S Money is reducing the rate on its personal loans from 6.9% APR to 6.7% APR (representative). The offer applies to personal loans between £7,500 and £15,000.

M&S loans are available between £1,000 and £25,000 with flexible repayment terms over 12 to 84 months. Customers have the option of making no repayments for the first three months, subject to lending criteria.

Colin Kersley, M&S Money Chief Executive, said: “We are pleased to offer a reduced rate on M&S Personal Loans. The latest offer of 6.7% follows other competitive loan rates we have launched this year. The reduced rate also applies to M&S Car Buying Plan which allows customers to defer a fixed percentage of their loan.”

M&S Car Buying Plan allows customers to defer a fixed percentage of their car buying loan, giving them the following options at the end of the term:
– Keep the car and carry on making monthly payments until the whole of the loan is repaid
– Keep the car and pay off the remainder of the loan with a lump sum
– Sell the car and use the money to pay off the remainder of the loan

When borrowing with an M&S Personal Loan, customers are reminded that they should consider their ability to maintain the monthly repayments. Customers can view more information on the M&S Money website, with further information available via our customer services teams over the phone.

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M&S Home Insurance Helps Householders Reduce Their Environmental Impact

M&S is the first home insurance provider in the UK to offer policyholder claimants two unique features to help reduce their impact on the environment.

M&S Home Insurance is now offering the features to new customers at no added cost and will be making them available to existing customers on policy renewal from 1st February.

While lost or damaged possessions are usually replaced with equivalent new items M&S Home Insurance claimants for fridge freezers, refrigerators, washing machines, tumble dryers or dishwashers, will be offered an environmentally-friendly A rated energy-efficient replacement, saving up to 140kg of CO2 each year*.

Additionally, insured properties requiring a rebuild will be reconstructed in line with the Code for Sustainable Homes (CSH) 4, using sustainable materials where possible, emitting at least 44% less CO2 than building regulations stipulate**.

David Wells, M&S Head of Insurance, said: “These new policy features, which we believe are firsts in the UK insurance market***, mean that the M&S Home Insurance policy is one of the most environmentally friendly products of its kind.”

Nick Kidd, of AXA Insurance, said: “It is becoming increasingly common for companies to launch ‘green’ products on the basis of carbon offsetting facilities which our research suggests is not valued by customers.

“The M&S product goes significantly further by providing tangible environmental benefits which will help customers to save energy, save money and ultimately, to help save the planet. According to the Energy Saving Trust, the average home will emit around 5 tonnes of CO2 a year, so these new product features can have a real impact.

“At AXA we’re committed to reducing our negative environmental impact and are really pleased to work with M&S Money on this innovative product.”

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M&S Money Encourage World Cup Travellers To Keep Track Of Currency Rates

M&S Money has advised football fans heading to South Africa for the World Cup in 2010 to keep track of currency rates rather than wait until next summer to purchase their spending money. Supporters will be paying thousands of pounds on flights, hotels and match tickets, and will want to get the most for their money when buying South African currency – the rand.

Figures from M&S Travel Money show that the rand rate has fluctuated against sterling by as much as 3.3 rand per pound during the past year. In October travellers could get 11.39 rand per pounds, compared to 14.69 rand last December.

With no way of predicting what the rate will be next summer, British football fans should keep track of the rand rate over the coming months.

James Yerkess, Head of M&S Travel Money, said: “England football fans will be looking forward to following the team in South Africa and will be spending a lot of money to make sure it is the trip of a lifetime.

“Fans would be wise to start thinking now about how and when they are going to purchase their foreign currency. Those who buy all their currency in one go next summer could find that the rand rate is particularly strong against sterling.”

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Brits Will Spend More Than £1.7billion On Cat And Dog Food This Year

M&S Money has reported that Brits will spend more than £1.7billion on cat and dog food this year, and now the insurance provider is giving pet owners a chance to win a years’ supply of pet food.

Anyone who takes out or renews an M&S Pet Insurance policy before December 31st 2009 will be entered into a prize draw. There will be six prizes of Royal Canin dry pet food for one cat or one dog for one calendar year.

Last year £1.7billion (Estimated cost according to Mintel Report Pet Food and Pet Care Retailing, Retail Intelligence, October 2008) was spent on feeding the nation’s 14.5 million cats and dogs.

Consumers are becoming more concerned about what they feed their pets. A recent survey found that 90% of pet owners know that what they feed their pet affects is
health and therefore they want to feed their pets the best-quality food. High-quality premium foods are therefore a growing market sector.

Pet owners who want to keep their cats and dogs on a healthy diet but still keep costs down are increasingly turning to online pet stores. Bestpet, an online pet pharmacy and shop, has seen a 30% increase in sales of premium cat and dog food in the past year. The site sells pet medication and food costing up to 50% less than prices found at veterinary surgeries.

Charles Sweeney of Bestpet Pharmacy said: “Obesity is an increasing problem among cats and dogs. Pets that carry too much weight can suffer from heart complaints, diabetes and arthritis.

“Responsible pet owners who ensure their cats and dogs have a healthy diet and regular exercise can help reduce expensive vet bills in the future.”

M&S Pet Insurance policyholders can benefit from reduced pet food costs with a 5% discount from Bestpet.co.uk.

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M&S Money Has Announced That Its 10% Cashback Reward Offer To Customers Who Take Out A Personal Loan Is Being Extended Until 7th September 2009

The offer, which was originally due to end on 11th August, is now being made available to all customers who take out a personal loan for a repayment period of between 36 months up to seven years. This gives customers a refund of 10% of the interest they have paid once their final repayment has been made.

When the cashback reward is taken into account, the typical rate of 8.7% APR on a£10,000 loan over a 36 month period is equivalent to a rate 7.9% p.a.

Monthly repayment £319.48 total interest £1,501.28 total amount repayable£11,501.28. The cashback reward is not available on refinanced loans, loans repaid early or loans terminated by M&S Money.

The extended offer is also available with the M&S Car Buying Plan, which means that the cashback reward offer is likely to be of particular value customers who are considering buying a new vehicle at the start of September. The M&S Car Buying Plan also allows customers to defer a fixed percentage of their loan, as well as giving them several options at the end of the term. Customers can keep the car and carry on making monthly payments until the whole of the loan is repaid, keep the car and pay off the remainder of the loan with a lump sum or sell the car and use the money to pay off the remainder of the loan.

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New Premium Club By M&S Money Will Offer Shopping And Travel Membership Benefits Exclusively To M&S Credit Card Holders

M&S Money has launched its new Premium Club which will offer shopping and travel membership benefits exclusively to M&S Credit Card holders – including both new and existing customers.

M&S Money

M&S Premium Club membership benefits include triple loyalty points on the M&S Credit Card* for all shopping at M&S, both in-store and online, special treats throughout the year, including birthday gifts and seasonal treats, and worldwide multi-trip family travel insurance, which includes extra cover for winter sports and independent travel.

Amanda Newman, M&S Premium Club Manager, commented: “Premium Club offers our credit card holders more of what they want from M&S, with exclusive access to a collection of benefits and rewards with an overall value several times the cost of membership.

“Our customers love the M&S loyalty scheme and, with Premium Club, they will get their money back in many ways. Being able to earn triple points has created great excitement with customers, as they will get three times the reward for the same amount of shopping at M&S.”

Existing M&S Credit Card holders can apply to join Premium Club at M&S stores, by phone or online. New customers can apply for the credit card and M&S Premium Club via the same methods, using just one application form.

New research** commissioned to celebrate the launch of M&S Premium Club confirms that shoppers are on the look-out for value. In order to save money, over a third of those questioned (35%) said they’d buy a package of goods that’s worth more than the price they paid. A further 19% regularly collect loyalty vouchers and money off coupons.

Shoppers are even more intent on being rewarded for their loyalty, with nearly two thirds (64%) expecting to receive extra loyalty rewards, and a further 50% wanting discounts on items they buy regularly. On the customer service side, 38% would like recognition and being treated with courtesy, and another 24% want to feel special and receive free gifts.

* M&S Credit Card 15.9% APR typical variable (the rate received will depend on assessment of the customer’s circumstances). 
** Research carried out on behalf of M&S Money by YouGov 24th to 27th April 2009, among 2,221 people aged 18 and over.

About M&S Money:
M&S Money (the trading name of Marks & Spencer Financial Services) was founded in 1985 as the financial services division of Marks and Spencer Group plc. The company is now a top ten credit card provider and the second largest travel money retailer in the UK. M&S Money also offers a range of insurance cover, including home insurance, car insurance, pet insurance, and wedding insurance, as well as loans, savings and investment products. In November 2004, Marks & Spencer sold M&S Money to HSBC. The Group serves customers worldwide from around 9,500 offices in 86 countries and territories. With assets of US$2,527 billion at 31 December 2008, HSBC is one of the world’s largest banking and financial services organisations. HSBC is marketed worldwide as ‘the world’s local bank’. M&S Money has an executive committee comprising an equal number of representatives from HSBC and Marks & Spencer.

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The New M&S Advantage Cash ISA Option Is Attracting Record Numbers Of Savers, With Over Twice As Many Accounts Opened Since Its Launch In January Compared With During The Whole Of 2008

Customer feedback indicates that many are basing their choice to save with M&S Money not only on the rate itself, but also on brand trust and security. Recent research reveals that for a third of people (34%) the most important factor when choosing a home for their money is a savings provider they can trust*.

As well as seeking a trustworthy provider, customers are looking for value in terms of pricing, quality and service**M&S Advantage Cash ISA is currently one of the most competitive in the market. Fixed rate options are also available, and customers can split their annual Cash ISA allowance between variable and fixed rates, using one simple application form.

Colin Kersley, M&S Money Chief Executive, commented; “Financial stability is a priority for savers in these uncertain times, with trust and value becoming key factors for customers when choosing a savings provider. Record numbers of savers are applying for new Cash ISAs with M&S Money or transferring from other providers, and they tell us it’s because they have trust in the brand.”

All cash savings with M&S Money are protected under the UK Financial Services Compensation Scheme, so the first £50,000 per customer of any cash savings are 100% guaranteed. M&S Money is part of HSBC, one of the world’s largest banking and financial services organisations.

Advantage Cash ISA option
Minimum deposit £100 lump sum, or £25 by monthly direct debit, up to Cash ISA allowance of £3,600 per tax year, transfers from other ISA providers allowed. The Advantage Cash ISA interest rate of 3.10% includes a 1% bonus until 21st April 2010, after which the rate will revert to 2.10% AER/tax-free variable.

Fixed Rate Savings
Within an ISA – minimum deposit £500 up to Cash ISA allowance of £3,600 per tax year, transfers from other ISA providers allowed. Outside an ISA – minimum deposit £500, maximum £1 million.

This is a strictly limited offer and is available both inside and outside an ISA. Early withdrawals are permitted during the term but will be charged at a fixed flat withdrawal charge (£50 for 1 year term, £75 for 2 year term, £100 for 3 year term). The charge may mean a customer gets back less than they originally deposited if they withdraw their savings before the term end date. Partial withdrawals are not permitted.

* Research carried out on behalf of M&S Money by YouGov 9th – 11th January 2009, among 2,120 people aged 18 and over.
** YouGov and the Credit Crunch, 21st November 2008 – key factors in consumer choice (savings), c.35% safety/security/confidence/reputation, c.25% price-related factors (interest rate).

About M&S Money
M&S Money (the trading name of Marks & Spencer Financial Services) was founded in 1985 as the financial services division of Marks and Spencer Group plc. The company is now a top ten credit card provider and the secondlargest travel money retailer in the UK. M&S Money also offers a range of insurance cover, including home insurancewedding insurance and pet insurance, as well as loans, savings and investment products.

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M&S Money announces the launch of new Advantage Cash ISA option

M&S Money has announced the launch of a new Cash ISA option, called Advantage Cash ISA, with a competitive variable rate of 3.10% AER/tax-free. The rate includes a 1% bonus until 21st April 2010.

For savers looking for a guaranteed return within an ISA, M&S Money is also offering a new Fixed Rate Savings option, with interest rates over 1, 2 and 3 years up to 2.75% AER/tax-free. This is a strictly limited offer and is available both inside and outside an ISA.

The launch of the new Cash ISA options comes as research from M&S Money reveals that despite the difficult economic environment, people are still planning to put their money into savings. In return, they want a safe home for their money, a good return and some certainty about interest rates.

Even if the base rate falls below 1.5%, almost threequarters (73%) of people surveyed said they would continue to save, and a further 11% plan to start saving. Only 6% said that a low interest rate would stop them saving.

When asked what was most important when putting their money into savings, a third (34%) said it was having a provider they could trust. Access to their savings came second (22%), followed by interest rate (20%) and rates that are guaranteed or fixed (15%).

With falling interest rates, getting a tax-free return is more important than ever. Overall, 81% of those surveyed said that this would be a priority in 2009.

Andy Ripley, deputy Chief Executive of M&S Money, commented; “We encourage people to make the most of tax-free savings, especially the 42% of those we surveyed who don’t use their Cash ISA allowance. With the new Advantage Cash ISA option, and a choice of fixed rates, savers can go for a variable rate with bonus, or a guaranteed return, or split their annual Cash ISA allowance of £3,600 between the two.

“As well as earning a good return, people want a safe home for their money. We can reassure our customers that all cash savings with M&S Money are protected under the UK Financial Services Compensation Scheme, so the first £50,000 per customer of any cash savings are 100% guaranteed”.

About M&S Money
M&S Money (the trading name of Marks & Spencer Financial Services plc) was founded in 1985 as the financial services division of Marks and Spencer Group plc. The company is now a top-ten credit cardprovider and the second-largest travel money retailer in the UK. M&S Money also offers a range of insurance products including car insuranceand pet insurance, loans, savings and investments.

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MS Money Reports Weak Pound Sees Travellers Digging Out Foreign Currency To Exchange For Sterling In Time For Christmas

As the pound continues to fall in strength against foreign currencies, Christmas shoppers have been digging-out their old foreign currency to exchange for sterling.

M&S Money has reported that November saw a record number of people exchanging foreign currencies for sterling across the network of in store bureaux de change.

There has been a particularly high demand to exchange US dollars for sterling – a 53% increase in turnover over the past three weeks compared to the same period last year. Other popular ‘buy back’ currencies in November were the Swiss Franc and Japanese Yen.

Fraser Millar, M&S Head of Travel Services, said: “This time last year travellers heading to America were getting a great deal – almost US$2 for every £1. At that rate you would be wise to hold on to any dollars brought back to the UK and use them on your next trip.”

He continued, “Now the pound has weakened against the dollar – around US$1.44 for every pound – so travellers are getting less for their money in the US. Travellers returning home with cash that may have previously held on to the currency are now keen to grab the relatively low ‘buy back’ rates.”

Previous research carried out by M&S Travel Money found that 80% of Brits bring back foreign currency when they return from a break abroad. Almost a third (28%) of those return home with more than £50 worth.

Over three quarters (76%) of British travellers that bring back foreign money said they do not bother or just forget to change the money back into sterling and a third (33%) simply leave it untouched in a drawer, wallet or handbag.

Fraser added: “As families continue to face financial pressures, the trend to keep currency rather than change back to sterling is likely to decrease. M&S offers a commission free buy-back service, so travellers don’t have to worry about bringing lots of cash home with them.”

About M&S Money

M&S Money (the trading name of Marks & Spencer Financial Services) was founded in 1985 as the financial services division of Marks and Spencer Group plc. The company is now a top ten credit card provider and the second largest travel money retailer in the UK. M&S Money also offers a range of insurance cover, including home insurance and car
insurance
, as well as loans, savings and investment products.

In November 2004, Marks & Spencer sold M&S Money to HSBC, one of the world’s largest banking and financial services organisations with over 9,500 offices in 85 countries and territories.

With a market capitalisation of US$190 billion (7 October 2008), the HSBC Group is one of the world’s largest financial services organisations. Over 100 million customers worldwide entrust HSBC with US$1.2 trillion in deposits. With a tier one capital ratio of 8.8% and a loan to deposit ratio of 90% (30 June 2008), the Group remains one of the most strongly capitalised and liquid banks in the world.

M&S Money has an executive committee comprising an equal number of representatives from HSBC and Marks & Spencer.

The company employs 1,200 staff at its headquarters in Chester, delivering personal financial services to its customers, reflecting the core values of Marks & Spencer – quality, value, service, innovation and trust.

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M&S Money Has Urged People Travelling Abroad This Christmas To Make Sure That They Have Travel Insurance At The Top Of The Christmas Shopping List

M&S Money, the financial services division of Marks and Spencer, has reported that up to one million people are planning on visiting friends and family abroad this festive season. As such, the financial services company is encouraging those travelling to make sure travel insurance is at the top of their Christmas shopping list.

M&S Money has revealed that DIY holidays have become more popular than traditional package holidays in recent times, increasing by six million in just five years, with fewer than half of Christmas trips abroad booked as complete packages from a travel agent.

The rise of independent travel makes insurance even more important, but further research reveals that 49%of consumers don’t know what their travel insurance covers them for. For example, most policies don’t offer cover for the collapse of an airline, as thousands of people found to their cost in recent months.

However, M&S Premier Travel Insurance now includes independent traveller cover as part of its annual multi trip policy and as an optional extra with single trip and standard trip travel insurance. This means people who book a holiday without using a tour operator will be covered if their flight is cancelled and if other parts of their holiday are affected.

Judith Roberts, M&S Money Insurance Manager, commented: “For most people, Christmas is all about spending time with friends and family, even if that means making a trip abroad. Travel insurance was originally designed for the package holiday market and we felt that it was time to improve our policy as so many people now book independently. For example, if your flight is cancelled you may be unable to claim for subsequent connections and face the cost of new flights or accommodation. M&S Premier Travel Insurance is one of only a few policies that covers these types of situations that are often not included in traditional policies.”

About M&S Money:

M&S Money (a trading name of Marks and Spencer Financial Services plc) was founded in 1985 as the financial services division of Marks and Spencer Group plc. The company is now a top-ten credit card provider and the second-largest travel money retailer in the UK. M&S Money also offers a range of insurance cover, including home insurance and car insurance, as well as loans, savings and investment products.

In November 2004, Marks & Spencer sold M&S Money to HSBC, one of the world’s largest banking and financial services organisations with over 9,500 offices in 85 countries and territories.

With a market capitalisation of US$190 billion (as at 7 October 2008), the HSBC Group is one of the world’s largest financial services organisations. Over 100 million customers worldwide entrust HSBC with US$1.2 trillion in deposits. With a tier one capital ratio of 8.8% and a loan to deposit ratio of 90% as at 30 June 2008, the Group remains one of the most strongly capitalised and liquid banks in the world.

M&S Money has an executive committee comprising an equal number of representatives from HSBC and Marks & Spencer.

The company employs 1,200 staff at its headquarters in Chester, delivering personal financial services to its customers, reflecting the core values of Marks & Spencer – quality, value, service, innovation and trust.

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M&S Money reports sales of Dubai currency hit record levels as the QE22 prepares to leave the UK for the final time

As the QE2 leaves the UK for the final time before becoming a floating hotel in Dubai, figures from foreign currency expert M&S Money suggest that the region continues to be a popular winter destination for Brits.

Last month saw the highest ever amount of sales of foreign currency for Dubai, with more than

£1million worth of UAE Dirham (AED) being sold through the network of M&S bureaux de change, as well as on the phone and internet.

October’s record figure has contributed to a 15% year-on-year increase in sales of the UAE Dirham – the currency used in the seven states which form the United Arab Emirates.

Dubai and the other UAE states have grown in popularity as a destination for Brits in recent years, whether on holiday, for business or visiting friends and family.

Hotels in Dubai have reported growing visitor numbers this year. According to the Dubai Department of Tourism and Commerce Marketing there was a 22 per cent growth in hotel revenues during the first three months of 2008, compared to the corresponding quarter last year.

The Queen Elizabeth 2 (QE2) cruise liner is the longest-serving ship in the 168-year history of the Cunard line and is currently owned by Carnival, the world’s largest cruise operator.

Having now left Southampton for the last time she will arrive in Dubai later this month, where she will undergo extensive refurbishment to become a floating hotel.

Fraser Millar, M&S Money Head of Travel Services, said: “Our travel money sales figures show that the UAE Dirham is one of the most popular currencies outside the Euro and US Dollar.

“October and November are usually the peak months for sales of the Dirham as people prepare to head-off for some winter sun. The high sales figures of last month may indicate that those who are travelling to the region are taking more cash as a result of the increased cost of living in Dubai. Travellers should bear this in mind when deciding how much currency to purchase before travelling.”

According to www.dubaifaqs.com, visitors can expect to pay around:

  • Hotel room (per night): £50
  • Small car rental (per day): £17
  • Petrol (per gallon): £1.05
  • Beer (pint): £5
  • House wine: £30
  • Bottle of water (1.5 litre): 40p
  • Burger: £2.40
  • Foreign newspaper: £3

Brits spend on average £821 per visit to the UAE, or £76 per day (Figures from the

Office for National Statistics Travel Trends 2006).

 

About M&S Money

M&S Money (originally called Marks & Spencer Financial Services) was founded in 1985 as the financial services division of Marks and Spencer Group plc. The company is now a top-ten credit card provider and the second-largest travel money retailer in the UK. M&S Money also offers travel insurance as well as providing insurance for homes, cars, travel, pets and weddings, along with loans, savings and investments.

In November 2004, Marks & Spencer sold M&S Money to HSBC, one of the world’s largest banking and financial services organisations with over 9,500 offices in 76 countries and territories. The business continues to operate under the M&S Money brand, with an executive committee comprising an equal number of representatives from HSBC and Marks & Spencer.

The company employs 1,200 staff at its headquarters in Chester, delivering personal financial services to its customers, reflecting the core values of Marks & Spencer — quality, value, service, innovation and trust.

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M&S Money urge pet owners to ensure household medication is securely stored following increase in reports of pet poisonings

M&S Money has urged pet owners to ensure medication is securely stored around the house following a large increase in reports of pet poisonings.

The potentially fatal mishap is a growing problem across the UK, with a 34% year-on-year increase in reported cases to Vetfone – a 24-hour advice line available to M&S Pet Insurance customers. Vetfone is manned by qualified veterinary nurses who can give concerned animal lovers immediate advice on a pet’s condition. Around 70% of calls to the service by M&S Money customers are made out of normal veterinary hours.

One of the major increases of poisonings seen involves nicotine-based products, including nicotine patches, chewing gum and inhalers.

The toxic dose of nicotine in dogs is five milligrams per pound pet bodyweight and a dose of 10mg/lb can be lethal. While a cigarette contains 15-25 milligrams of nicotine, nicotine patches can contain much more at between 8-114 milligrams of nicotine and even nicotine inhalers contain around 10 milligrams of nicotine. Signs of toxicity are dose-dependent and include tremors, weakness, depression and vomiting.

Vetfone Operations Manager & Senior Emergency Vet Nurse, Louise O’Dwyer, said:”It is very concerning that there has been such a large increase in reported pet poisonings.

“Nicotine poisoning can be particularly serious. Remember prevention is better than cure, so ensure products such as cigarettes, nicotine patches and gums and even ashtrays containing cigarette butts are kept away from your pets reach.”

M&S Money Insurance Manager, Judith Roberts, said: “Anyone who suspects that their pet has swallowed household medication should first try and identify what’s been eaten, by recovering packaging such as blister packs or boxes and then seek immediate veterinary advice.

“M&S Pet Insurance policyholders can rest assured that a qualified veterinary expert is available round the clock to provide advice and answer questions should a pet become unwell.”

About M&S Money

M&S Money (the trading name of Marks & Spencer Financial Services) was founded in 1985 as the financial services division of Marks and Spencer Group plc. The company is now a top ten credit card provider and the second largest travel money retailer in the UK. M&S Money also offers a range of insurance cover, including home insurance and car insurance, as well as loans, savings and investment products.

In November 2004, Marks & Spencer sold M&S Money to HSBC, one of the world’s largest banking and financial services organisations with over 9,500 offices in 85 countries and territories.

M&S Money has an executive committee comprising an equal number of representatives from HSBC and Marks & Spencer.

The company employs 1,200 staff at its headquarters in Chester, delivering personal financial services to its customers, reflecting the core values of Marks & Spencer – quality, value, service, innovation and trust.

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New M&S Money Survey Reveals Average Student Bedroom Contents Are Worth £1650

Following a new M&S Money survey which reveals that the contents of an average student bedroom are worth £1650, students heading to university are being urged to make sure they have appropriate insurance.

The poll of 2,000 students by M&S Money found that the average student bedroom contains:
– £718 worth of electrical gadgets and appliances
– £498 worth of clothing
– £224 worth of sports equipment
– £210 worth of text books

The huge value of a student’s bedroom is not surprising, with over half of students (53%) owning an MP3 player, 52% possessing a laptop and 42% enjoying movies on their own DVD player. The expense continues outside the bedroom, with a quarter of students owning a bike.

The survey also revealed that 14% of students have been burgled while at university and 22% of student cyclists have had their bikes stolen.

Despite this, only 16% of students have taken out their own insurance policy to cover their possessions whilst living in student accommodation. However, many people heading to university will not need to buy a stand-alone student policy and should check if their parents’ home insurance policy provides sufficient cover.

Steve Price, M&S Head of General Insurance, said: “Insurance may be the last thing on students’ minds as they prepare for the new academic year. It often feels like an unnecessary expense on top of everything else. Many students would be surprised to know that their valuables may already be covered – they just need to check whether their parents’ home insurance policy covers their property when away from home.”

Students whose parents have M&S Premier home contents insurance could even enjoy unlimited cover for their possessions when away from home. This covers events such as damage, flood or theft from halls. Students are also covered if their bike is stolen when they are at university, as long at it is left secured when unattended.

About M&S Money
M&S Money (originally called Marks & Spencer Financial Services) was founded in 1985 as the financial services division of Marks and Spencer Group plc. The company is now a top ten credit card provider and the second largest travel money retailer in the UK. M&S Money also offers insurance for homes, cars, travel, pets and weddings, as well as loans, savings and investments.

In November 2004, Marks & Spencer sold M&S Money to HSBC, one of the world’s largest banking and financial services organisations with over 9,500 offices in 85 countries and territories. The business continues to operate under the M&S Money brand, with an executive committee comprising an equal number of representatives from HSBC and Marks & Spencer.

The company employs 1,200 staff at its headquarters in Chester, delivering personal financial services to its customers, reflecting the core values of Marks & Spencer – quality, value, service, innovation and trust.

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M&S Money Is Offering M&S Credit Cardholders The Chance To Win £10,000 To Spend In Marks Spencer

M&S Money have announced that customers who hold a credit card with the financial services company will automatically be entered into the draw to become an M&S Points Millionaire.

Customers can be entered into the draw by either buying one or more selected products from M&S Money, registering to manage their account online, and/or opting to stop receiving paper statements. Customers who purchase insurance, travel money, personal loans or make an investment with M&S Money stand a chance of winning.

As well as the one million M&S points on offer, five runner up prizes of 100,000 M&S points, worth £10,000 each, are also available to be won.

Andy Ripley, Deputy Chief Executive of M&S Money commented, “Following on from the success of our first millionaire prize draw earlier this year, we’ve extended the prize draw to include a wider range of products and ways to enter. Not only can our customers bag themselves some quality products but they also have a chance of winning 1 million points, worth £10,000, and really reap the rewards of their M&S cards.”

M&S Money are also offering five runners up prices of 100,000 points worth £1,000 to be spent in store.

This is a limited offer, between and including the dates of 4 September 2008 and 29 October 2008. The winners will be drawn at random on 21 November 2008.

About M&S Money
M&S Money (originally called Marks & Spencer Financial Services) was founded in 1985 as the financial services division of Marks and Spencer Group plc. The company is now a top-ten credit card provider and the second-largest travel money retailer in the UK. M&S Money also offers insurance for homes, cars, travel, pets and weddings, as well as loans, savings and investments.

In November 2004, Marks & Spencer sold M&S Money to HSBC, one of the world’s largest banking and financial services organisations with over 9,500 offices in 85 countries and territories. The business continues to operate under the M&S Money brand, with an executive committee comprising an equal number of representatives from HSBC and Marks & Spencer.

The company employs 1,200 staff at its headquarters in Chester, delivering personal financial services to its customers, reflecting the core values of Marks & Spencer – quality, value, service, innovation and trust.

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M&S Money Credit Card Holder Margaret Claxton Is Celebrating After Winning A Caribbean Cruise

M&S Money has announced the name of the lucky customer who has won the latest M&S Money prize draw to win a Caribbean cruise.

Retired Margaret Claxton, of Heswall, The Wirral, will set sail on the P&O cruise ship Ventura after scooping the top prize in the competition organised by M&S Money.

The prize follows a competition in which anyone using an M&S Credit Card at M&Sstores or on the M&S website between 2nd April and 1st June 2008 was entered into a draw to win the cruise. Mrs Claxton used her card at the M&S store in Chester.

Margaret said: “I’ve never won anything like this – it’s amazing. I can’t wait to enjoy my first cruise with a close friend. It will be lovely to soak up the sun.”

This draw is just one of a series of competitions for M&S credit card customers and comes in addition to earning Marks & Spencer points and 0% interest on all shopping everywhere for six months from account opening.

The competitions are scheduled to continue at M&S Money, with the company currently offering their cardholders the chance to win one million M&S points worth £10,000. Cardholders are automatically entered into the prize draw upon purchase of financial services from Marks & Spencer. The offer ends on 29th October.

M&S Money was voted best credit card provider in the Your Money Awards 2008, which recognise excellence in online & direct service provision. The accolade means that M&S Money has won the award three years in a row.

About M&S Money:
M&S Money (originally called Marks & Spencer Financial Services) was founded in 1985 as the financial services division of Marks and Spencer Group plc. The company is now a top-ten credit card provider and the second largest travel money retailer in the UK. M&S Money also offers insurance for homes, cars, travel, pets and weddings, as well as loans, savings and investments.

In November 2004, Marks & Spencer sold M&S Money to HSBC, one of the world’s largest banking and financial services organisations with over 9,500 offices in 85 countries and territories. The business continues to operate under the M&S Money brand, with an executive committee comprising an equal number of representatives from HSBC and Marks & Spencer.

The company employs 1,200 staff at its headquarters in Chester, delivering personal financial services to its customers, reflecting the core values of Marks & Spencer – quality, value, service, innovation and trust.

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M&S Money Has Announced A Brand New 0 Per Cent Offer Exclusive To New Credit Card Customers

M&S Money, the financial services division of Marks & Spencer, has announced an exclusive offer on its credit cards for new customers.

The offer, which began at the start of September, provides new M&S Money credit card holders with 0% interest on all shopping for ten months from the account opening and 0% interest for six months on balance transfers made within six months of the account opening.

New M&S Money Credit Card customers will also benefit from earning M&S points with every use of the card as well as well as no cash advance fee and 55 days interest free when buying M&S Travel Money with the card.

Brendan Cook, M&S Money Chief Executive said, “This new card means that M&S are now one of the few providers in the market to be offering excellent 0% deals on both purchases and balance transfers. This card not only has a competitive APR but also benefits from the M&S Loyalty Scheme, making it one of the most attractive credit cards in the market.

“Additionally, whilst a number of other providers have recently been raising their interest rates and shortening their 0% offers, we’re delighted to be bucking this trend – at a time when consumers will appreciate this the most.”

The credit card offer from M&S Money also allows customers to conveniently manage their account online, with additional security from Spend Safe fraud protection. M&S Money has also guaranteed savings of 8% on holidays with the exclusive travel club.

About M&S Money:
M&S Money (originally called Marks & Spencer Financial Services) was founded in 1985 as the financial services division of Marks and Spencer Group plc. The company is now a top ten credit card provider and the second-largest travel money retailer in the UK. M&S Money also offers insurance for homes, cars, travel, pets and weddings, as well as loans, savings and investments.

In November 2004, Marks & Spencer sold M&S Money to HSBC, one of the world’s largest banking and financial services organisations with over 9,500 offices in 85 countries and territories. The business continues to operate under the M&S Money brand, with an executive committee comprising an equal number of representatives from HSBC and Marks & Spencer.

The company employs 1,200 staff at its headquarters in Chester, delivering personal financial services to its customers, reflecting the core values of Marks & Spencer – quality, value, service, innovation and trust.

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