Our History

Our Timeline plots some of the significant events from our 25 year history.

1985

St Michael Financial Services is launched in Chester, recruiting 80 staff

The M&S Chargecard is launched

1988

St. Michael Financial Services Limited changes its name to Marks & Spencer Financial Services Limited

Marks and Spencer Unit Trust Management Limited is created offering unit trust funds

1989

Launch of Personal Loans

1991

Interest-free loans are offered to customers purchasing furniture in M&S stores

1999

Launch of M&S ISA

2000

Launch of Home & Contents Insurance and Car Buying Plan

2001

Launch of Stakeholder Pensions

2002

Marks and Spencer Financial Services Limited became Marks & Spencer Financial Services plc.

Launch of Travel and Pet Insurance

2003

M&S Financial Services changes its trading name to M&S Money

The &MORE combined M&S Credit Card and loyalty scheme was launched (largest ever launch in Europe)

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. Marks & Spencer and HSBC entered into a 50:50 profit sharing partnership.

Launch of Mini Cash ISA and Car Insurance

2007

Launch of Ethical Fund and Fixed Rate Savings

2009

Launch of M&S Premium Club and M&S Everyday Savings Account

2010

M&S celebrates 25 years of financial services

M&S introduces the HSBC World Selection Portfolios