Sir Philip Green could be facing a £1bn fine as an incentive to sort out the BHS pension deficit, under new plans by MPs.
In a new report by the Commons Work and Pensions committee MPs are calling for new powers to issue fines to companies who have large pension shortfalls.
It would mean Green paying a £1bn fine, three times the £350m he had been asked to contribute, according to Sky News.
The report said BHS was only one example of problems in UK pension funds as 74% of final salary schemes were in deficit last month, totalling £195bn.
When BHS collapsed earlier this year it had a pension deficit of £571m.