SoapBox Ep.3 - Passive Investing Didn’t Break Markets, It Exposed Active Management

Hosts Abraham and Matt are joined by Carla Brown, President of the Personal Finance Society, for an unfiltered discussion on markets, behaviour and the realities of modern financial advice.

The episode explores why UK investors continue to exit equity markets at the worst possible moments, even during periods of strong performance, and what this reveals about confidence, communication and access to advice.

The conversation also covers active versus passive investing, loyalty to underperforming managers, and the growing tension between evidence and narrative. Alongside this, the panel addresses the advice profession’s succession problem, the ageing adviser population, and why attracting new talent has become a defining issue for the future of advice.