An income producing asset class with the potential to pay up to nine per cent a year has been presented in the UK. The Secured Life Fund, designed for large pension fund and institutional investors, is constructed to produce regular cash flows without the volatility of stock markets or other traditional benchmarks. Investors into the fund will be able to choose from either a five, seven or ten year investment period, each of which will provide fixed returns paid annually in arrears. Returns range from eight per cent for the five year bond, 8.5 per cent over seven years, rising to nine per cent for the ten year bond.