You need to be mindful that whilst the client has requested the consolidation of funds it is your role to outline the key risks and the benefits of your strategy. You will be able to retain an authority on the existing fund to always obtain information and most funds allow rollovers to top up cover. However, if you had explained all the risks and the client continued to express his desire to rollover for consolidation purposes then document this in the AtP and file notes which illustrates you have had the discussion and has continued to request to rollover.
To be honest the two covers are miles apart in definition (ADL and Any Occupation) and being a labourer they are most likely one of the highest risks for insurers in TPD and TSC/IP, not to mention TPD (any occ) is possibly not offered by insurers due to risks. Says enough.
Have a discussion with the client.
