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

AJ Bell posts record rise in platform flows as AUA hits £108.7bn

AJ Bell posts record rise in platform flows as AUA hits £108.7bn

Net flows up 42%

Cristian Angeloni
clock 23 April 2026 • 2 min read
Why advisers should adopt Gaudi's 'my client is not in a hurry' approach

Why advisers should adopt Gaudi's 'my client is not in a hurry' approach

Dan Brocklebank makes keynote speech at PA360

Isabel Baxter
clock 23 April 2026 • 2 min read
Four Asian investment lessons in the face of turmoil

Four Asian investment lessons in the face of turmoil

South Korea, Vietnam and Indonesia have suffered some of the biggest falls since the start of the war

Gabriel Sacks
clock 23 April 2026 • 4 min read