Articles such as this one are designed to sell newspapers and...

Articles such as this one are designed to sell newspapers and create some forms of hysteria. "Shock and Awe"

People read and jump to all sorts of conclusions and believe the story is factual.

If Sherry has special plans for SMS Funds, it is highly unlikely that he would be spilling the beans to Fels and Brenchley.
It is fairly common knowledge that some rorting of the system is going on and obviously some fine tuning is probably necessary.
I know of some that have started/formed a SMS Fund simply to trade shares and reduce tax.

We can all believe what we want to believe, but proof is in the pudding and until it is baked, it is a case of wait and see what comes from the horses mouth.