Sydney-based AMP (Australian Mutual Provident) has seen a slight improvement as released its cash flows for the March quarter with a 12 per cent increase.

Its financial services unit reached $236 million by March 31, which is higher than its previous corresponding period.

In a statement released by AMP on Thursday morning, its net cash flow increased by 30 per cent on the previous corresponding period after its corporate superannuation mandate was stripped out.

AMP said that its superannuation flows dimmed.

The company's net cash flow for superannuation and its pensions slumped down to 13 per cent to $100 million during March quarter.

Its March quarter cash inflows remained at 27 per cent to $1.2333 billion, while higher member withdrawals pushed cash outflows to $1.133 billion from $85 million.

The previous corporate superannuation net cash flows of $250 million declined to $190 million.

Only employer contributions grew due to several members following the mandate in 2009.

Craig Meller, managing director for financial services of AMP, said that due to employer contributions that remained optimistic some investment products recovered.

Its net cash flows in pensions and investments on the Asgard platform went up to $56 million.

AMP Bank's deposits slid by 28 million during March quarter after the announcement of its $1 billion securitization in January.

Mortgage books of AMP slid down further from $30 million to $9.8 million during March quarter.

March quarter assets on its financial services contemporary wealth management unit climb gained $52.7 billion, a two per cent higher from the 2008-09 level.

AMP's capital assets as of March 31 remained solid at one per cent to $96.1 billion.