Vanguard pension

[ZingyLime]

This may be a silly question, my apologies. I've just started a S&S ISA with Vanguard and am very happy with it. Browsing their website and looking at the pension options - am I right n that you just get a cash sum at the chosen pension date and then you'd look at buying an annuity with that?
For myself, I already have a civil service pension plus a private employment pension, so I probably wouldn't want to start a plan but wondering whether to recommend that ds (25) begins something now.

Vanguard does a SIPP. At the moment that is very new and they have been focusing on launching that and getting payments in to it working as they should and getting the tax relief working as it should.
They warn that is it not suitable for people who are nearing retirement as there are currently no drawdown options. If someone needed to enter drawdown they would need to Transfer the entire SIPP to another provider.

In the future I highly expect Vanguard will have various drawdown options available. I hope they do UFPLS as an option but don't know how cheaply they could do that.

An annuity might suit some people but those have gone out of fashion. Maybe Vanguard will have an arrangement with annuity providers but I suspect they might just let people transfer the pension if they want to get an annuity.

DS is 25... three decades or more until he could access a pension. I think over that time period the options for drawdown will have changed quite a bit and Vanguard will have figured out what options are worth them offering.

DS should also join workplace pension as his employer contributes to that.

Great idea though to supplement with a SIPP and also he could have a Lifetime ISA (useful for buying first property) and a S&S ISA. Vanguard does not do LISA but a handful of other providers do.

Getting him learning about personal finance would be great.
Podcasts he may like:
Meaningful Money
Money To The Masses
Maven Money
This is Money

Great books (though American):
The Simple Path To Wealth by JL Collins.
Your Money or Your Life by Vikki Robin.