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The high rollers are deserting Woodford. So should you be giving fallen star the boot? 

After trapping thousands of private investors - and £3.7billion of their savings - in his Equity Income Fund, Woodford's high-rolling City clients started to abandon him one by one. First, his biggest cheerleader, stockbroker Hargreaves Lansdown, ditched the fund from its favourites. Then St James's Place, the giant wealth manager, said it would no longer trust Woodford to manage £3.5 billion of clients' money.

A friend was contacted by Sergo Capital. My friend invested £50,000, and saw large gains shown on the Sergo website. He informed me and I invested £15,000.

'Lloyds talked me into a pricey card reader, then shut down my branch'

Baker Sarah Denyer is proud of her reputation for serving delicious cakes - but as she works hard to build her business she is furious that a slice of her income is being grabbed by a greedy bank. Sarah says she now has to hand over £1,000 a year to Lloyds for renting card reading equipment and pay a percentage of sales made by card. Like countless small businesses, her Windmill Bakery in Rottingdean, East Sussex, was caught up in Britain's race towards becoming a cashless society - and she is angry at the cost she pays for a service she did not really want.

Quite legitimately, many savers will be wondering whether other funds are exposed to similar risks. Has this fund manager set a precedent that large rivals might follow if they run into difficulties?

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