The number of self-invested personal pension (Sipp) providers could halve in the next three to five years, as new regulation forces less well-capitalised providers out of the market.
The funds in the sterling corporate bond sector concentrate mainly on investment-grade bonds. This refers to bonds issued by well-run companies that are expected to meet their commitments and therefore yield less than riskier 'junk' or high-yield bonds.
Picking the top-performing funds can help deliver good returns on your individual savings account, but it's also important to build a balanced portfolio. By holding a diversified range of investments that suit your investment objectives and appetite for risk, you shouldn't get any nasty performance surprises.