Some highlights from Monday’s FTfm.

Market for locked hedge funds opens
Brokers such as Tullett Prebon are launching platforms to let investors trade hedge fund investments to circumvent the often lengthy lock-up periods

Church faces huge pension deficit
The future Archbishop of Canterbury, Justin Welby, will have to manage an immediate cash crisis as soon as he takes charge. An independent pensions consultant has warned the Church’s pension deficit could reach £500m by the end of the year, putting a huge financial burden on congregations. Read more