If you contact us with a complaint we'll do our best to resolve it immediately. If this isn't possible, we'll write to you within 5 working days. And, if we need more time to investigate, we'll send you an update within 4 weeks.
If you're still not satisfied, or it takes more than 8 weeks to resolve your complaint, you can take your case to the Financial Ombudsman Service.
At M&S Bank, we’ve always worked hard to exceed our customers' expectations. We know we don't always get things right; that’s why customer feedback is so important. It gives us insight into the areas where we need to improve.
What matters is to fix the right things - those things that matter most to our customers. So, through our customer surveys and social media pages, please keep letting us know how we’re doing. We’ll continue to improve what we do, so that we deliver an excellent service that we can be proud of.
In 2014 our key priorities will continue to be:
So you can see how we are doing so far in 2014, we’ve provided a summary of our complaints data for the first half of the year.
Firm name: Marks & Spencer Financial Services Plc
Group: HSBC Group
Period covered: 1 January - 30 June 2014
Trading names covered: M&S Money, M&S Bank, M&S Insurance, M&S Savings and Investments
|Product / Service Group||Number of complaints opened||Number of complaints closed||Complaints closed within 8 weeks||Closed complaints upheld by firm*|
|General Insurance and Pure Protection||7,898||7,909||97.55%||67.80%|
|Decumulation, Life and Pensions||n/a||n/a||n/a||n/a|
In the first six months of 2014, we also opened 20 complaints relating to Marks and Spencer Unit Trust Management Ltd and 3 complaints relating to Marks and Spencer Savings and Investments Ltd.
If you wish to, you should contact the Financial Ombudsman Service within six months of the date on our final letter to you.
Call 0800 023 4567 free for people phoning from a ’fixed line‘ (for example, a landline at home).
Or 0300 123 9123 free for mobile phone users who pay a monthly charge for calls to numbers starting 01 or 02.
Write to the Financial Ombudsman Service, Exchange Tower, Harbour Exchange Square, London, E14 9SR.
For further information and published complaints data visit the FCA website.
* Complaints upheld by firm refers to the percentage of complaints that the bank has found in the customer's favour either in whole or part.
**Complaints within the General Insurance and Pure Protection category relate to the average number of policies in place in the reporting period. In line with industry practice, the number of open and closed complaints do not include complaints from customers who had not purchased the product.
Your M&S Bank savings are covered up to £85,000 under the Financial Services Compensation Scheme.
If you have an M&S Credit Card or M&S Loan and you're concerned about your financial situation, please call us on 0345 900 0900.
If you spot suspicious activity on your card account, call us immediately on 0345 900 0900.