The newly negotiated contract provisions have an estimated total contract value exceeding $50 million and cover services to be delivered during the next four years.

CSC will continue to provide John Hancock's US Wealth Management Division with applications and infrastructure support for the administration of more than one million fixed and variable annuity policies. Services include applications development and maintenance, mainframe infrastructure support, 24x7 help desk support, and network connectivity between CSC and John Hancock's Operation Center.

CSC has supported John Hancock's annuity products since 1987, enabling the company to focus on product development and distribution. Through other agreements, John Hancock uses CSC's VANTAGE-ONE administration platform for its core wealth management products and CSC's Distribution Support System to manage agent/broker incentive compensation.

"As John Hancock continues to introduce innovative retirement products, we want to ensure our systems are competently supported and meeting the needs of our customers," said Jim Boyle, president of John Hancock Wealth Management. "Our relationship with CSC gives us that peace of mind."

"We've proven we have the skill and expertise to deliver business results to John Hancock, one of the most respected names in the insurance industry," said Michael W. Risley, president of the Life and Annuity division of CSC's Financial Services Group. "A leader in financial services outsourcing, CSC in the United States alone provides sourcing for seven million annuities and life insurance policies."