This is for PC and (maybe PS3 as I do not know much about controller camera controls.)

Will it possible in future development of this game if camera settings can be added to pivot with the character?

It's like a mix of Auto-adjust and never-auto-adjust. If you decide to turn using the "a" and "d" key on your keyboard regardless of where your camera is placed around your character, it'll pivot with the character maintaining where the camera was facing on your character.

For example if you place your camera 90 degrees to the side of your character and you decide to turn right with the "d" key the camera will move with your character without going behind your character or just sitting still (so basically whenever you decide to stop turning the camera is still 90 degrees to the side of your character. When you hold right click and move, your character will move in the direction where the camera is placed.