The FPA is cutting six staff positions as public satisfaction with financial planners plummets and the financial crisis deepens.

The association has announced it has made six staff redundant in response to the market downturn.

“Like many other businesses, the FPA will focus very closely on our core objectives which include professional membership, and our professional framework,” a spokesman told insuranceNEWS.com.au.

“We will continue to monitor our business to ensure we achieve our budget expectations,” she said.