Aviva has launched an integrated high value protection proposition to support Financial Planners and advisers with high net worth clients amid rising demand for IHT planning.

Almost two-fifths, 38%, of HNWIs say they hold more cash than they did three years ago, with cash accounting for an average of almost a fifth, 19%, of their total wealth.

Nearly half (45%) of HNWIs have no written record of what they’ve gifted to loved ones, according to new research, leaving them at risk of falling foul of IHT rules.

A record-breaking 142,000 millionaires are projected to relocate internationally this year, with the UK expected to see the largest net outflow of HNWIs by any country since millionaire migration tracking began 10 years ago.