Penny Post Group partners with Halfords to strengthen colleague finances
12 Nov 2025
Published in: Member News
RetailCU, part of Penny Post Group, has partnered with Halfords to support the financial wellbeing of over 12,000 colleagues, offering simple, trustworthy ways to save and access affordable credit, helping employees feel more in control of their finances.
RetailCU, part of Penny Post Group (https://retailcure.org.uk/) and Halfords are celebrating a new partnership which will make it even easier for Halfords employees to take control of their finances.
The partnership will make a real difference to people’s daily lives and improve their financial wellbeing, by providing practical support and initiatives that enable informed, sustainable financial choices. The partnership will make a real difference to their daily lives.
Money worries have a major effect on work performance. The 2025 CIPD Good Work Index Survey found 30% of employees said they could not cope with an unexpected £300 bill, 19% said they had lost sleep due to worrying, and 13% said these worries negatively impacted their work.
Lissa Davis, Head of Rewards at Halfords said ‘we recognise that financial wellbeing plays a vital role in overall colleague wellbeing. Money worries can impact focus, confidence and mental health, so it’s important we provide meaningful, practical support. Partnering with RetailCU and Penny Post Group allows us to offer colleagues a simple, trustworthy way to save regularly and access affordable credit when they need it. It’s another step in helping our people feel more in control of their finances and confident about their future.’
Delyth Williams, Business Development, at Penny Post Group said: ‘This new partnership with Halfords will make financial wellbeing more accessible for thousands of colleagues, by offering trusted, practical savings and borrowing solutions which help people strengthen their financial futures. The team across Penny Post Group looks forward to working closely with Halfords to support their colleagues and build a positive impact together.’
RetailCU, part of Penny Post Group, has been operating for nearly 30 years, and has similar partnerships with Royal Mail, Stagecoach, Department for Work and Pensions and Retail Trust. Its Head of Strategy says its work has never been more important, with the ongoing cost-of-living crisis leaving many people vulnerable to financial hardship and high-cost lenders.
Penny Post Group promotes membership and financial wellbeing across the UK, with offices in Wolverhampton and Manchester. Members make use of its online and mobile banking services that allow them to manage their money anytime, anywhere.
This collaboration represents a major step forward in supporting the financial wellbeing of Halfords colleagues. By promoting responsible lending and providing practical financial support, Penny Post Group will make a meaningful difference to the lives of over 12,000 employees.
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