A quarter of small medium sized businesses are planning to wind-up their final salary schemes in the next year, according to research by consulting actuaries Hazell Carr. Around 17 per cent said they intend to close their schemes to new members. While approxiamtely 65 per cent expect their contribution levels to rise at the next valuation date. Only 13 per cent said FRS17 threatened their final salary schemes. Stockmarket volatility, increasing costs and low investment returns were the top concerns.