Wells Street Journal: Don’t toy with the ponies


There is a a strict “no horsing around” policy here at WSJ Towers. We are well versed in receiving pony press releases from investment companies boasting of new assets, new products and new “essential innovations”.

But BNP Paribas had a new one for us this week, boasting about its cavalry winning the Ascot in the City race.

Harry Steadman, so aptly named, won the glory of being the winner of an 800m gallop from Bank tube station to the Royal Exchange Building on a toy horse.

The business analyst won the (much-coveted, we’re sure) Yardsmen Frontrunner trophy, completing the course in three minutes and 22 seconds. Apparently he was cheered on by “hundreds” of onlookers.

His parents must be so proud.


Wells Street Journal: Pensions Regulator lobs a rotten Nest egg

Much has been made of the Government’s taxpayer funded campaign encouraging voters to back remaining in the EU. The Leave side predictably went ballastic when details emerged of the 14-page booklet sent to every household in the UK at a cost of £9m. Leading Brexiteers Boris Johnson and Nigel Farage also presumably received the handy […]

Wells Street Journal: Don’t mention the pay

The Wells Street Journal has a long held reputation as a paragon of good manners so we know it’s important not to discuss religion or politics at a dinner party. But this week we learned fund manager pay structures are another conversation taboo. Our education on the matter did not come at a swanky industry […]


Wells Street Journal: Alien concept lacks currency

Not all banks can claim support from extraterrestrials, but unauthorised WeRe Bank is an exception. The blender, which has made up its own bizarre ‘Re’ currency and claims to offer cheap cheques that force lenders to write off debts, made headlines recently when the FOS logged dozens of complaints about the firm. The firm’s founder, […]

Lifetime ISAs – International Evidence

By Fiona Tait, Pensions Specialist Since the announcement in March, the Lifetime ISA (LISA) has attracted controversy. Heralded as a saviour for the self-employed and the young wanting to get on the housing ladder, the new LISA risks adding confusion for savers trying to fully understand the benefits of new workplace pension savings through auto-enrolment. To […]


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