This is how much you’re charged to have a workplace pension each year.
With The People’s Pension it’s 0.5% – that’s 50 pence a year (0.5%) for every £100 of the value of your account. That’s it – just a simple annual charge. The AMC is reflected in the price of units, and so there’s no explicit charge on your pension pot.
So you don’t need to do a thing.