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5 months ago
BRIEF-Aviva CEO says to pay down debt in 2017, may do buyback
March 9, 2017 / 8:29 AM / 5 months ago

BRIEF-Aviva CEO says to pay down debt in 2017, may do buyback

March 9 (Reuters) - Aviva Investors'

* CEO Mark Wilson says to pay down high-cost debt later in 2017; leaning towards share buyback but no decision yet.

* Says focus is on organic growth but will do tactical 'bolt-on' M&A.

* Aviva Investors' CEO Euan Munro says not under same pressure to do big M&A as peers losing assets and with higher costs.

* Wilson says inflows strong into fixed income and infrastructure debt.

* Wilson says Ogden Rate move 'disjointed', backs government move to review it.

* Munro says put in a "robust" defence to FCA of active management; doesn't back hard limit on transaction costs.

* Munro declines to confirm research cost plans, but says effort of billing to individual funds "may not make economic sense". Source text for Eikon: Further company coverage: (Reporting By Simon Jessop)

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