Praying Mantis and Pensions
The Praying Mantis comes from the Greek word “mantikos”, which means prophet possibly because these insects’ forelegs are clasped together as if they are praying. If you try to sneak up on a Praying Mantis, you may be surprised that it will look over its shoulder at you. This is not because it has a sixth sense but because it has a flexible joint between the head and prothorax that enables it to swivel its heads. This can make them very endearing insects.
Then there is the Preying Mantis, otherwise known as claims management companies that have started to inhabit the pensions world.
The Preying Mantis tries to have the same endearing qualities as its insect counterpart about how it will save you from the wrongs of the pensions industry. It also has a sixth sense; as PPI claims run out, it is now turning its attention to the pension world. Mantids are sometimes considered to be good predators as they eat bugs but the problem is that they do not discriminate between good and bad bugs. Mantids also have two eyes but only one ear; their eyes are on their commission and the one ear means that they do not listen.
If you are worried about a “pension transfer that you have done in the last 30 years”, do not respond to one of the cold calls that you are might to receive. There are free public services, such as TPAS and FOS who can discuss the matter with you. Please hang up and call TPAS on 0800 011 3797.