As the P55V was designed so that even the most basic user could assemble their own system, the P55V bios is very basic, and only includes the settings necessary for selecting the primary boot device, setting up a raid, enabling speed step, configuring USB settings, etc....

Is there going to be a bios update to allow for these features?

No at this time there is no need for a bios update as this board is not meant for overclockers or benchmarking enthusiasts and has yet to have issues.