Can anyone recommend an easy pension for self-employed

[FizzyPink]

DP is early 30s and has absolutely no financial awareness whatsoever. He's self-employed earning around £60k a year but starting a pension has never occurred to him
He's asked for my help in setting one up but I've always just had a workplace one and had no idea how complicated the options are.

Can anyone recommend one that is easy to set up and easy for him to add probably around £400 a month? He's not financially savvy at all, has all his money in the world in his current account and so something overly complicated will just put him off.

The other thing is that he currently has a Lifetime ISA which we plan to combine with mine to buy a house next year. I know you can also use this to save for retirement. Is it a better idea to just continue to save in there once we've bought the house or is a proper pension plan necessary?

Vanguard SIPPS personal pension. Low fees and easy to set up.

I agree, Vanguard SIPP is easy to manage, has some good fund choices such as the LifeStrategy range, FTSE Global All Cap.
If he is a higher rate tax payer he will benefit from the tax relief he gets on SIPP contributions (he puts his pension contributions on his tax return).

Lifetime ISA - I would use that just for the house purchase.
He should use his ISA allowance (using S&S ISA) going forward as that can be accessed tax free at any age. He can also do that with Vanguard and benefit from a cap in fees once his investments reaches that amount.

This assumes he is quite young... having a Lifetime ISA indicates that he is likely very early 40's at the most.

If he fancies learning more about it, then a book I am listening to currently on Audible is quite good: How To Own The World by Andrew Craig.
Another book that is useful about general money things, types of insurance and beginning to invest is The Meaningful Money Handbook by Pete Matthew.

Great advice thank you both! Yes he is 31

Look up stakeholder pensions too.

NEST, which is backed by government.

NEST is front loaded (1.8% fee on contributions) and has a poor selection of fund choices. Sharia fund is doing ok but the others suck. The 0.3% annual charge is reasonable though.

@nannynick I also have a Nest workplace pension and I’ve currently got it in a higher risk fund which doesn’t seem to be doing well at all at the moment! How do you see which one would be a better option?

Read the Quarterly report. Q1 for 2020 (April-June) should be available later this month.

This is a static page that has a link on it to latest report.
www.nestpensions.org.uk/schemeweb/nest/aboutnest/investment-approach/other-fund-choices.html

Just checked, new report to end of June is now available.