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Oh yes, they've still got that mechanic for sure. I think in my next episode which releases next week that happens to me actually. (Or maybe it'll be the ep in two weeks, I'm way ahead on recordings and it's hard to remember).

But yeah, in this you lose your army, and your retainers/companions, and MOST of your baggage items. They don't touch your personal gold though, and they have a mechanic where you can easily recall your companions this time just by clicking on a button to tell them to return to your party... so in that way it's a little more forgiving than prior games were.