LONDON: Aviva plc chief executive officer (CEO) Mark Wilson pledged to continue cost cuts and attract funds to its investment unit. The CEO plans to cut the operating expense ratio to less than 50 per cent from 54 per cent in 2013 and double the holding company’s annual excess cash flow to £800 million (RM4.3 billion) by end- 2016, the insurer said in a statement. It also aims to report positive fund flows from external clients at its Aviva Investors unit by next year. Bloomberg
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