BOSTON , April 17, 2008 –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.