If you get higher interest rates, that is because you are investing on higher risk assets. And you need to assume those risks - you are getting higher compensation because of that, remember? If those assets default and don't pay back, you need to assume your losses. I know it is is grim and might seem cruel (it is, actually), but that is why you should strive to manage balanced portfolios.
EFTA's Court (I had no idea it still existed!) rule just highlights and presses on the sentence - there really aren't free lunches. Higher return, mean higher risk. If not... why shouldn't we all be doing that?
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