The CBI yesterday clarified its decision not to back the Equality and Human Rights Commission’s (EHRC) proposals regarding gender pay reporting. Katja Hall, CBI director of employment policy, said the publication of average salary figures for men and women could be “misleading”. She warned that people could think that women are paid less than men in the same role, “when differences will actually reflect the proportions of men and women in higher-paid jobs”.
FSA bans insurance fraudster
The Financial Services Authority (FSA) yesterday banned an insurance company director for lying to his customers, lying to the FSA and failing to pass on insurance premiums. Mark Hazelwood, who operated Synergys Ethical from Whitwell in Hertfordshire., was referred to the City watchdog when the FSA became aware that one of Hazelwood’s customers had attempted to make a claim on their policy, but received no consequent payment. Further investigation showed that Hazelwood had failed to pass to insurers almost £360,000 in customers’ premiums.
Specialist Energy lists on AIM
Specialist Energy Group, an engineering company focused on the energy sector, is set to be admitted onto AIM today following a successful £4m fund raise from institutional investors. Specialist Energy Group is the result of the reverse takeover and renaming of Aim-listed Nviro Cleantech Plc by Southbank UK.