We had to make some serious decisions, says IFA's interim president

A review of pay and pensions at the top level of the IFA is getting underway in the wake of Eddie Downey's decision to "step back" from his role as association president.

Mr Downey has apologised and admitted "mistakes were made" in the controversy over a €500,000 pay and pension package given to the IFA's former general secretary Pat Smith in 2013.