Harry Katz: Why AIFA's hand was forced on allowing 'restricted' members

"If we were living in an ideal world, [AIFA] could probably look at other options, but we do not live in an ideal world. "The problem that is prevalent is this: IFAs are tighter than ducks' backsides. If you walk outside your door it costs you money, so to run anything is expensive. "If IFAs were to be a little more open-handed, then perhaps AIFA could search for other solutions. But you have to deal with things as they are rather than how you wish they could be. "A lot of brickbats have been thrown at AIFA, but that is borne of ignorance rather than knowledge of all the facts. For...