Less than 10% of hedge fund staff are estimated to have quit the UK for Switzerland, according to Financial News research this month, pouring cold water on claims of a mass exodus. But a new report has shed light on an added fillip for wealthy individuals that are considering a move to the alpine nation.

The cost of living luxuriously in Switzerland has slumped for the second year in a row, according to a survey this week, as the Swiss Franc strengthens against global currencies, according to multi-family office Stonehage.