The retirement plans and investment management services are provided to clients by the State Street Invensys service center. The retirement program is designed to facilitate post-retirement income. All necessary assistance regarding the application process, eligibility, tax payment, and benefits is provided by the service center. Retirement pension services are also offered to approximately 800,000 clients across the USA by the pension service center. Additionally, safe banking services are provided to asset owners and managers by the center. The pension plans offer benefits derived from social security, personal investments, and savings. Assistance is extended to healthcare providers, insurance companies, individual clients, etc., by the service vendor. The primary business areas of the State Street service center include the following:
- Financial Reporting and Fund Administration
- Fund Accounting and Insurance Services
- Performance and Analytics
- Global Process Delivery
- Investment Manager Services
- Income and Corporate Actions
- Reconciliations.