array(1) { [0]=> &object(stdClass)#1604 (54) { ["id"]=> string(5) "13912" ["title"]=> string(41) "Planning for tomorrow’s lifestyle today" ["alias"]=> string(39) "planning-for-tomorrow-s-lifestyle-today" ["introtext"]=> string(228) "

In this episode of the nestegg podcast, David Stratford has a chat with Aberdeen Standard Investments’ head of retirement and product strategy for Australia, Jason Nyilas to discuss all things retirement.

" ["fulltext"]=> string(800) "

Investors will learn the importance of financial advice in retirement, since the default pension options available don't always match up with personal expectations.

Jason also weighs in on whether the impending retirement income covenant goes far enough in supporting individual member needs.

Thanks, Jason, for sharing your insights with the nestegg podcast team!

You can keep up to date with what Jason is up to HERE.

" ["checked_out"]=> string(1) "0" ["checked_out_time"]=> string(19) "0000-00-00 00:00:00" ["catid"]=> string(3) "302" ["created"]=> string(19) "2019-10-08 05:41:30" ["created_by"]=> string(2) "64" ["created_by_alias"]=> string(15) "David Stratford" ["state"]=> string(1) "1" ["modified"]=> string(19) "2019-10-08 06:03:04" ["modified_by"]=> string(4) "2385" ["modified_by_name"]=> string(14) "Justine Nifras" ["publish_up"]=> string(19) "2019-10-08 05:41:21" ["publish_down"]=> string(19) "0000-00-00 00:00:00" ["images"]=> string(222) "{"image_intro":"images\/podcasts\/Jason-Nyilas-ne.jpg","float_intro":"","image_intro_alt":"Jason Nyilas","image_intro_caption":"","image_fulltext":"","float_fulltext":"","image_fulltext_alt":"","image_fulltext_caption":""}" ["urls"]=> string(121) "{"urla":false,"urlatext":"","targeta":"","urlb":false,"urlbtext":"","targetb":"","urlc":false,"urlctext":"","targetc":""}" ["attribs"]=> string(600) "{"article_layout":"","show_title":"","link_titles":"","show_tags":"","show_intro":"","info_block_position":"","info_block_show_title":"","show_category":"","link_category":"","show_parent_category":"","link_parent_category":"","show_associations":"","show_author":"","link_author":"","show_create_date":"","show_modify_date":"","show_publish_date":"","show_item_navigation":"","show_icons":"","show_print_icon":"","show_email_icon":"","show_vote":"","show_hits":"","show_noauth":"","urls_position":"","alternative_readmore":"","article_page_title":"","sent":"0","readingDiff":"3","canonical_link":""}" ["metadata"]=> string(68) "{"robots":"","author":"","rights":"","xreference":"","metatitle":""}" ["metakey"]=> string(78) "Financial planning, financial advice, superannuation, superannuation industry." ["metadesc"]=> string(116) "Host David Stratford discusses all things retirement, from financial advice through to individual lifestyle choices." ["access"]=> string(1) "1" ["hits"]=> string(3) "134" ["xreference"]=> string(0) "" ["featured"]=> string(1) "0" ["language"]=> string(1) "*" ["readmore"]=> string(3) "800" ["ordering"]=> string(1) "0" ["category_title"]=> string(7) "Podcast" ["category_route"]=> string(17) "resources/podcast" ["category_access"]=> string(1) "1" ["category_alias"]=> string(7) "podcast" ["published"]=> string(1) "1" ["parents_published"]=> string(1) "1" ["lft"]=> string(2) "74" ["author"]=> string(15) "David Stratford" ["author_email"]=> string(33) "[email protected]" ["parent_title"]=> string(9) "Resources" ["parent_id"]=> string(3) "300" ["parent_route"]=> string(9) "resources" ["parent_alias"]=> string(9) "resources" ["rating"]=> string(1) "5" ["rating_count"]=> string(1) "1" ["alternative_readmore"]=> NULL ["layout"]=> NULL ["params"]=> object(Joomla\Registry\Registry)#1606 (3) { ["data":protected]=> object(stdClass)#1603 (97) { ["article_layout"]=> string(14) "momentum:newne" ["show_title"]=> string(1) "1" ["link_titles"]=> string(1) "1" ["show_intro"]=> string(1) "0" ["info_block_position"]=> string(1) "0" ["info_block_show_title"]=> string(1) "1" ["show_category"]=> string(1) "1" ["link_category"]=> string(1) "1" ["show_parent_category"]=> string(1) "0" ["link_parent_category"]=> string(1) "0" ["show_associations"]=> string(1) "0" ["flags"]=> string(1) "1" ["show_author"]=> string(1) "1" ["link_author"]=> string(1) "0" ["show_create_date"]=> string(1) "0" ["show_modify_date"]=> string(1) "0" ["show_publish_date"]=> string(1) "1" ["show_item_navigation"]=> string(1) "1" ["show_vote"]=> string(1) "1" ["show_readmore"]=> string(1) "1" ["show_readmore_title"]=> string(1) "1" ["readmore_limit"]=> string(3) "100" ["show_tags"]=> string(1) "0" ["show_icons"]=> string(1) "1" ["show_print_icon"]=> string(1) "1" ["show_email_icon"]=> string(1) "1" ["show_hits"]=> string(1) "1" ["record_hits"]=> string(1) "1" ["show_noauth"]=> string(1) "0" ["urls_position"]=> string(1) "0" ["captcha"]=> string(0) "" ["show_publishing_options"]=> string(1) "1" ["show_article_options"]=> string(1) "1" ["save_history"]=> string(1) "1" ["history_limit"]=> int(10) ["show_urls_images_frontend"]=> string(1) "0" ["show_urls_images_backend"]=> string(1) "1" ["targeta"]=> int(0) ["targetb"]=> int(0) ["targetc"]=> int(0) ["float_intro"]=> string(4) "left" ["float_fulltext"]=> string(5) "right" ["category_layout"]=> string(14) "momentum:newne" ["show_category_heading_title_text"]=> string(1) "1" ["show_category_title"]=> string(1) "1" ["show_description"]=> string(1) "0" ["show_description_image"]=> string(1) "0" ["maxLevel"]=> string(2) "-1" ["show_empty_categories"]=> string(1) "0" ["show_no_articles"]=> string(1) "1" ["show_subcat_desc"]=> string(1) "1" ["show_cat_num_articles"]=> string(1) "0" ["show_cat_tags"]=> string(1) "1" ["show_base_description"]=> string(1) "1" ["maxLevelcat"]=> string(2) "-1" ["show_empty_categories_cat"]=> string(1) "0" ["show_subcat_desc_cat"]=> string(1) "1" ["show_cat_num_articles_cat"]=> string(1) "1" ["num_leading_articles"]=> string(2) "14" ["num_intro_articles"]=> string(1) "0" ["num_columns"]=> string(1) "0" ["num_links"]=> string(1) "0" ["multi_column_order"]=> string(1) "0" ["show_subcategory_content"]=> string(2) "-1" ["show_pagination_limit"]=> string(1) "0" ["filter_field"]=> string(4) "hide" ["show_headings"]=> string(1) "1" ["list_show_date"]=> string(9) "published" ["date_format"]=> string(0) "" ["list_show_hits"]=> string(1) "0" ["list_show_author"]=> string(1) "1" ["list_show_votes"]=> string(1) "0" ["list_show_ratings"]=> string(1) "0" ["orderby_pri"]=> string(4) "none" ["orderby_sec"]=> string(5) "rdate" ["order_date"]=> string(9) "published" ["show_pagination"]=> string(1) "2" ["show_pagination_results"]=> string(1) "1" ["show_featured"]=> string(4) "show" ["show_feed_link"]=> string(1) "1" ["feed_summary"]=> string(1) "0" ["feed_show_readmore"]=> string(1) "0" ["sef_advanced"]=> int(1) ["sef_ids"]=> int(1) ["custom_fields_enable"]=> string(1) "1" ["show_page_heading"]=> NULL ["layout_type"]=> string(4) "blog" ["menu_text"]=> int(1) ["menu_show"]=> int(1) ["page_title"]=> string(66) "Borrow Money - Your Guide to Loans and Credit Management | nestegg" ["menu-meta_description"]=> string(138) "Finance, credit and debt feel like a minefield? From financing a credit card debt to deciding on a home loan, Nest Egg’s got your back! " ["secure"]=> int(0) ["page_description"]=> string(7) "nestegg" ["page_rights"]=> NULL ["robots"]=> NULL ["page_heading"]=> string(66) "Borrow Money - Your Guide to Loans and Credit Management | nestegg" ["access-view"]=> bool(true) } ["initialized":protected]=> bool(true) ["separator"]=> string(1) "." } ["displayDate"]=> string(19) "2019-10-08 05:41:21" ["slug"]=> string(45) "13912:planning-for-tomorrow-s-lifestyle-today" ["catslug"]=> string(11) "302:podcast" ["link"]=> string(58) "/resources/podcast/planning-for-tomorrow-s-lifestyle-today" ["image"]=> string(35) "images/podcasts/Jason-Nyilas-ne.jpg" ["image_alt"]=> string(12) "Jason Nyilas" } }

Wednesday, 16 October 2019

Try another search or check out these top posts

•Super fund slammed at Shonkys 2019

•‘Horrible’ and high-risk: Is an apartment a good investment?

•6 steps to start a side hustle (without much money)

Latest Podcast

Planning for tomorrow’s lifestyle today...Read more

Resources

Claim your super...Read more

Borrow

1 in 3 Aussies lies to get a mortgage

By Cameron Micallef · October 01 2019

Reading:

1 in 3 Aussies lies to get a mortgage

By Cameron Micallef · October 01 2019

Reading:

Australian home buyers are allegedly inflating income and deflating expenses despite banks promising tougher lending standards following the royal commission.

According to research from UBS, 37 per cent of mortgagors were not “completely factual and accurate” when reporting their statements to banks.

It is a significant jump in inaccurate numbers, with 32 per cent of applicants lying when the royal commission was in full swing last during 2018.

Bank analyst at UBS Jonathan Mott stipulated that “since the royal commission was announced, the banks have significantly increased their level of verification, more questions are asked and more documentation is being requested”.

Despite this “tougher lending standard”, he has questioned the legitimacy of the stance, having commented that “while asking increasingly detailed questions appears prudent, it does not appear to be effective as many factually inaccurate mortgages are still working their way through the process”.

The increase in inaccurate mortgage applications was heavily concentrated across certain cohorts, the research has alleged.

Of mortgagors who bought more than one property over the last year, 63 per cent used inaccurate information, while half of mortgagors who own two or more investment properties had also lied (49 per cent).

Inaccurate mortgages were entered into by investors with interest-only mortgages 56 per cent of the time, while a similar number required the use of a guarantor to access lending (53 per cent).

Just over half of would-be borrowers who had their mortgage rejected (53 per cent) admitted having stretched the truth, while three-quarters of hopeful borrowers who had fabricated their circumstances were rejected twice or more (76 per cent).

Worryingly, the research highlighted that 22 per cent of respondents who were factually inaccurate in their application missed a mortgage payment over the last 12 months, versus 6 per cent who were factual, making a case for the need for more stringent testing of information given in loan applications.

Forward this article to a friend. Follow us on Linkedin. Join us on Facebook. Find us on Twitter for the latest updates

Rate the article

About the author

Cameron Micallef

Cameron is a journalist for Momentum Media's nestegg. He enjoys giving Aussies practical financial tips and tricks to help grow their wealth and achieve financial independence. As a self-confessed finance nerd, Cameron enjoys chatting with industry experts and commentators to leveraging their insights to grow your portfolio.