Settlement fund adds sterling class

Policy Selection has launched a sterling share class for its $340m (173m) life settlement fund. The Assured fund, launched in 2004, has more than 200 American life assurance policies under management. The typical age of policyholders is 75-85. When the policyholder dies, the full sum assured is realised, with the Assured fund receiving the proceeds. The fund offers investors annual returns of 8-11%. Minimum investment in the fund is 10,000.