The Financial Conduct Authority has missed several operating service targets in communications and application processing times for the 2021/22 financial year.

Defaqto’s latest Platform Service Review has found an improvement in financial adviser satisfaction but with room for improvement in several areas.

Data and ratings provider Defaqto says its annual review of pension provider service has found a greater level of satisfaction among advisers.

A new survey of financial advisers has found that the servicing of Pension Freedoms business is “well below expectations.”