1.16

[valeriano-manassero]

What this PR does / why we need it:

Update to 1.16

Checklist

• [x] Reviewed the CONTRIBUTING.md guide (required)
• [x] Verify the work you plan to merge addresses an existing issue (If not, open a new one) (required)
• [x] Check your branch with helm lint (required)
• [x] Update version in Chart.yaml according semver rules (required)
• [x] Substitute annotations section in Chart.yaml annotating implementations (useful for Artifecthub changelog) (required)
• [x] Update chart README using helm-docs (required)