The fallout from the high-profile suspension of Neil Woodford’s flagship fund means it is “inevitable” that regulators will examine the role of the specialist companies that administer mutual funds, according to Peter Harrison, chief executive of Schroders, one of the UK’s largest asset managers.

While the gating of Woodford’s fund in early June has generated a flood of negative headlines for Woodford and his firm, legally and technically the decision to suspend dealing was taken by another company, Link Fund Solutions, which acts as the authorised corporate director of the fund.