Adviser stole £30k from vulnerable clients before fleeing to Portugal

Laura Miller
clock

A financial adviser has narrowly escaped prison after stealing £30,000 from a vulnerable widow and her disabled son before fleeing to start a new life in Portugal.

John Dickinson worked for mutual Foresters Life and had been Annie Petherick and her son Andrew's financial adviser for 18 years before he started his swindle, according to the Western Morning News. He tricked the Petherwick's into handing over large cheques on the understanding he would invest the money for them, but instead used it to pay his tax and credit card bills. Dickinson emigrated to the Algarve just a month before he was due to attend a police interview into the thefts. Mrs Petherick, who was in her 70s, died while waiting to get her money back while her 50-year-old son,...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Investment

Darius McDermott: Old demographics, new innovations — so why isn't healthcare booming?

Darius McDermott: Old demographics, new innovations — so why isn't healthcare booming?

'The sector should be flying — but it isn't'

Darius McDermott
clock 08 May 2025 • 5 min read
Why China's journey to net zero demands investors' attention

Why China's journey to net zero demands investors' attention

China's journey towards net zero could yet prove more rapid than expected

Gabriel Sacks
clock 07 May 2025 • 4 min read
Morningstar CEO: Advisers and industry need 'shared language' around risk

Morningstar CEO: Advisers and industry need 'shared language' around risk

Kapoor points to UK regulation becoming more ‘goals focused’

Sahar Nazir
clock 07 May 2025 • 2 min read