JPMorgan Asset Management said it has rolled out its JPMorgan's “Target Date NavigatorSM”, which is a system designed to help advisors and their plan sponsor clients to spot funds that best suit a person's investment goals and savings behaviour.

“Target Date Navigator” is the first system, JPMorgan says, to categorise funds according to their investment composition and strategy in achieving an investment goal over a period of time.

JPMorgan says not all target date funds are similar in their investment time horizons and level of asset class diversification. It says this new tool fills a gap in the market in determining which funds might best fit the particular needs and the goals of each retirement plan.