Metlifecare has changed the terms of its much debated $216 million merger deal, as shareholders prepare to vote on the proposal today.

A combination of Kiwis living longer and large numbers of baby boomers retiring in the next two decades means the country needs to consider a new retirement option, warns the Financial Services Council.

Metlifecare's $216m merger with two other retirement village operators has been approved in a report prepared by indepdendent assessors.

Study finds 45 per cent of respondents have done very little to prepare for retirement.

Ryman Healthcare may seek a listing on the ASX as it looks across the Tasman to extend a decade of profit growth.

Shares in Christchurch-based retirement village operator Ryman Healthcare have jumped by 5.2pc after it reported a record $84m profit.