FSCS in-default register

AXG Advice Ltd

Declared in default2 May 2025FRN 450813

What this means for you

Because AXG Advice Ltd has been declared in default, you can't complain via the Financial Ombudsman Service in the normal way. Instead, eligible customers can apply to the Financial Services Compensation Scheme for compensation.

Background

AXG Advice Ltd, which operated under the trading name The Salmon Financial Partnership Ltd (FRN 450813), provided pension advice, pension transfer, and self-invested personal pension (SIPP) administration services. The Financial Services Compensation Scheme (FSCS) declared the firm in default on 2 May 2025. Eligible customers may be entitled to compensation of up to £85,000 for pension-related investments held with the firm at the time of default.

Products this firm wrote

Pension advicePension transferSIPP administration

How to claim

  1. Check you were a customer of this firm during the period it was regulated.
  2. Gather your policy / advice / contract paperwork — start with anything you have in writing.
  3. Identify your loss and the date it crystallised.
  4. Apply via the FSCS online claim portal at claims.fscs.org.uk.
  5. The FSCS investigation typically takes 6–18 months. They will assess eligibility, liability and quantum.