The FPA confirmed it has let a number of staff go in response to the market downturn.
The association made six redundancies across its business in the middle of January, FPA chief executive Jo-Anne Bloch said.
“Like every other business we need to closely monitor our costs and continue to do that to ensure that we achieve our key budget expectations,” Bloch said.
Bloch would not say in which divisions the redundancies were made.
“I’d prefer not [to say] as it is too personal for the people involved,” she said.
The FPA is not the first financial organisation to announce redundancies in 2009.
Earlier this month AMP Financial Services said it had dismissed around 300 people.
In January MLC said it had made more than 100 job cuts across its business, while Old Mutual also confirmed staff cuts.
