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AMVESCAP Retirement is planning to roll out a total retirement outsourcing platform that would provide defined benefit and defined contribution administration, recordkeeping, and investment management services for plan sponsors. Mark Jones, executive v.p., said that the firm is seeking to have the service ready for a launch within 12 months, adding that an increase in the number of plans seeking TRO solutions led to the firm's decision to roll out a service. Jones added that the vendor will market the service under its own brand name and distribute the plan through partners, providing administration and recordkeeping services across the DB/DC platform. The increase in business opportunities drove AMVESCAP's decision to provide a TRO service, said Jones, noting that 15% of all RFPs want a combined DB/DC service and the firm plans to roll out a service to remain competitive in the industry. "We've been very careful about combining defined benefit and defined contribution administration and we wanted to wait to create the best service available," said Jones. "It's been on our radar for a while." He declined further comment.