The government is "determined" to "deter and tackle misbehaviour" among businesses in respect of their corporate pension schemes, a minister has said.
Margot James, the minister for small business, consumers and corporate responsibility, made the comments in a letter to the work and pensions select committee.
The letter was written in response to the handling of BHS' pension scheme, when the business going into administration after 88 years of business on 25 April, putting 11,000 jobs at risk.
Ms James, MP for Stourbridge, said: "We are determined to ensure that The Pension Regulator has the powers it needs to deter and tackle misbehaviour and that these address emerging threats and challenges.
"We are actively considering these issues and should we need to bring forward further legislation in light of all the evidence then we will of course do so."
The letter added the government recognised this was a difficult time for BHS employees, but it would be inappropriate for the government to comment on matters still being investigated by the Insolvency Service, the Serious Fraud Office and TPR.
The day after BHS went into administration, TPR announced it was looking at whether its former owner, Sir Philip Green, would have to plug holes in the collapsed retail chain’s pension fund to fill a pension deficit of half a billion pounds.
In July this year, it was found leadership failures and personal greed led to the collapse of retail chain and its enlarged pension fund deficit, according to MPs in a damning report.
On 20 October, MPs voted to strip Sir Philip of his knighthood, after the collapse of the the company.
