State Street Introduces Vision Report on the Pensions Industry

Latest Vision Report Provides Insights and Perspectives on Trends
and Developments in Retirement Provision Around the World
BOSTON--(Business Wire)--
State Street Corporation (NYSE:STT), the world's leading provider
of financial services to institutional investors, today released its
Vision Report on the pensions industry as part of a series of
proprietary reports intended to advance the dialogue on key themes and
trends within the financial services industry.

The new Vision paper, the fourth in the series, offers an overview
of retirement provision across continents and pinpoints major areas of
growth and opportunity in both defined benefit and defined
contribution markets. State Street's report looks at the relationship
between governments, plan sponsors and participants in effective
savings systems. It also looks at the incorporation of absolute return
investing in pension plan strategies.

"Retirement and pensions are set to become two of the greatest
issues facing society in the 21st century," said Jay Hooley, vice
chairman of State Street. "This report will increase pension plans'
and investment professionals' understanding of global trends,
providing them with the necessary insight to align their business
plans accordingly."

The report draws on State Street's knowledge of the pensions
business across the company. State Street provides investment
management and investment services for more than $4.8 trillion in
pension assets globally, including 10 of the largest pension funds
worldwide, providing a broad range of capabilities such as transition
management, liability-driven investment strategies, performance and
analytics, foreign exchange, securities lending and proprietary
research services.

In addition to providing products and services to large public and
private pension schemes, State Street works with government policy and
industry groups around the world to facilitate the development of
retirement systems at the country level.

"As funded retirement provision grows and becomes more complex
with the shift from defined benefit to defined contribution schemes,
State Street looks to meet investor demand by developing leading
technologies and delivering innovative investment management and
servicing solutions," said Mark Lazberger, executive vice president
and head of State Street Global Advisors' International business.

To obtain a copy of the report or for more information, members of
the press can contact publicrelations@statestreet.com. All other
requests should be directed to vision@statestreet.com.

The report is the latest in State Street's proprietary Vision
series, which includes topics such as the Asia bond markets, hedge
funds and the insurance industry.

About State Street:

State Street Corporation (NYSE: STT) is the world's leading
provider of financial services to institutional investors including
investment servicing, investment management and investment research
and trading. With $15 trillion in assets under custody and $2 trillion
in assets under management at March 31, 2008, State Street operates in
26 countries and more than 100 geographic markets worldwide. For more
information, visit State Street's web site at www.statestreet.com

MEDIA CONTACT:
Marie McGehee, 617-664-1898
or
State Street Corporation
Steve Maguire, 617-664-3001

Copyright Business Wire 2008