A member of a defined contribution pension scheme, where the member has a choice of investment funds, has requested an estimate of the pension that may be secured from the scheme at normal retirement age. List the assumptions that need to be made in determining the estimate. [4] (1) A letter will be sent to the member with the result of the calculation, setting out key considerations in relation to the assumptions that have been used. Outline the main points that should be made in this letter. (i) otal 9)