Latest news with #SCHF
Daily Mail
01-08-2025
- Daily Mail
First picture: Pensioner, 76, charged with child cruelty offences over 'poisoning' at children's summer camp that left eight youngsters in hospital
This is the first picture of the pensioner charged in connection with a suspected poisoning at a children's summer camp. Jonathan Ruben, 76, was arrested on Monday after eight children and an adult were taken to hospital as a precaution when they fell ill at the Leicestershire camp. All have since been discharged. The camp was being run by the Stathern Children's Holiday Fund SCHF, which provides 'school clubs or subsidised holidays' for children from socially disadvantaged backgrounds in Nottingham. Mr Ruben, a veterinary surgeon whose business was dissolved last August according to Companies House records, is listed as a trustee of the charity. The pensioner's wife Susan, 62, is listed as chair of the ten trustees. Leicestershire Police this afternoon announced that Mr Ruben had been charged with child cruelty offences. He will appear before Leicester Magistrates on Saturday, August 2. The Daily Mail revealed on Thursday that the suspect had been arrested in the car park of the Anchor Inn at Plungar, three miles from Stathern Lodge, the facility which staged the camp, on Monday. Today a Nottinghamshire Police car remained outside Mr Ruben's bungalow at affluent Ruddington, on the edge of the city. Neighbours said there had been police activity at the property since Monday. A local resident, who didn't want to be named, said: 'We haven't seen any white-suited forensics teams, but what we assume are detectives have been coming in and out, and taking bags of stuff away. 'There were so many that it was obvious something really serious must have happened. Eventually we went and asked them because we were so worried. They were really tight-lipped, but eventually all they would say when we asked them the specific question was that there hadn't been any loss of life. 'They said we would find out eventually, and on Thursday we did.' The neighbour said police had been at the address '24/7' since arriving on Monday. The resident added: 'The whole thing is a complete and utter shock. We gather he has run the charity for a long time - it is a wonderful cause and does a lot of good work. He is a lovely guy, and they are a lovely couple. 'They are really good neighbours - we usually see him walking his two dogs. We haven't seen the wife since Monday. 'We knew he was doing camps this summer, although we didn't know he was away at the weekend. We last saw him on Thursday last week. 'To be honest we are hoping it is all a terrible mistake. He is the last person you would expect to be involved in something like this.' The Independent Office for Police Conduct is investigating Leicester Police's response to the incident. The force confirmed that officers did not visit the summer camp until Monday, a day after receiving the report that children had been feeling ill. Stathern Lodge is owned by the Braithwaite Gospel Trust, a charity which provides 'facilities to groups who have the primary aims of advancing education, advancing the Christian religion and giving help to the less well off'. Trustee Jonathan Jesson confirmed that the facility was being used by a group from Nottingham. He added: 'The trust owns the lodge, and lets it to independent groups as self-catering hostel accommodation. 'The charity was set up by a Christian farmer in the early 1970s, and part of his will dictated that Stathern Lodge would be used for the good of young people.' On Thursday, Leicestershire Police said the suspect had been arrested on suspicion of administering poison or a 'noxious thing' with intent to injure, aggrieve or annoy. The investigation is being led by the East Midlands Special Operations Unit's Major Incident Team to allow 'a full and thorough investigation to take place with dedicated resources'. In a statement on Thursday, Detective Inspector Neil Holden, the senior investigating officer, said he was at the helm of a 'complex and sensitive investigation'. Leicestershire Police said it had referred itself to the Independent Office for Police Conduct (IOPC) 'due to the circumstances of the initial police response'. The watchdog said: 'We received a conduct referral on Tuesday from Leicestershire Police relating to their handling of concerns passed to them over the wellbeing of a group of children. 'Our assessment team has examined all available evidence and concluded the matter should be independently investigated by the IOPC. 'The investigation will look at whether there were any breaches of professional behaviour - namely a failure to carry out duties and responsibilities - that resulted in a delay in Leicestershire Police's response to what was later declared a critical incident.'
Yahoo
09-06-2025
- Business
- Yahoo
Schwab to Cut Expenses on 4 ETFs as Fee Wars Wind Down
Charles Schwab Corp. (SCHW) slashed fees on four of its equity exchange-traded funds, bringing the cost of all its equity and fixed-income market-cap-weighted index ETFs below 10 basis points, according to a company announcement Monday. The fee cuts come as Morningstar reports fund fees hit record lows in 2024, with many index funds and ETFs approaching what may be a pricing floor as some providers offer zero-fee options, according to the research firm's annual study. The moves highlight how investors continue to favor the cheapest funds, with the cheapest 20% of funds attracting $930 billion in net inflows last year. Read More: Fund Fees at Record Lows but Decline Is Slowing: Morningstar The reductions, effective June 10, affect the Schwab 1000 Index ETF (SCHK), the Schwab International Equity ETF (SCHF), the Schwab International Small-Cap Equity ETF (SCHC) and the Schwab Emerging Markets Equity ETF (SCHE), according to the release. SCHK, which tracks 1,000 of the largest U.S.-listed stocks and manages $4.1 billion in assets, saw its expense ratio drop from 0.05% to 0.03%, according to Schwab Asset Management. The fund has returned 2.5% year to date, with Microsoft Corp. (MSFT) and NVIDIA Corp. (NVDA) as its top holdings at 6.3% and 6.2%, respectively. SCHF, the company's $48.1 billion international equity fund, had its fees cut from 0.06% to 0.03%, according to the announcement. The fund, which tracks the FTSE Developed ex-US Index and has gained 18.2% this year, holds SAP SE and ASML Holding NV as its largest positions. John Sturiale, head of product management and innovation at Schwab Asset Management, said the company is looking for new opportunities to make investing more accessible, according to the press release. SCHC, focused on international small-cap stocks with $4.4 billion in assets, saw its expense ratio reduced from 0.11% to 0.08%, according to Schwab. The fund has posted a 19.3% return this year and holds WSP Global Inc. as its top position. SCHE, the emerging markets fund managing $10 billion, had its fees lowered from 0.11% to 0.07%, according to the filing. Taiwan Semiconductor Manufacturing Co. (TSM) represents 9.5% of the fund's holdings, with the ETF gaining 10.4% year to date. The broader industry has seen fees approach rock-bottom levels, with many index funds already charging less than 0.05%, according to Morningstar. Some providers now offer zero-fee options, suggesting the price wars of recent years may be winding down, the research firm noted. Schwab also announced forward share splits on six mutual funds, including the Schwab 1000 Index Fund (SNXFX), which will undergo a 10-for-1 split to return its net asset value closer to its initial $10 share price after nearly 35 years, according to the company. The splits are scheduled for August 15, | © Copyright 2025 All rights reserved Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
