If I was nitpicking I'd agree with those who said that white trousers/chinos would be an improvement over jeans to match the formality of the top half (and the jeans could do with hemming) - but in terms of basic combining and colour co-ordination, this is spot on.
Sorry if todays combination produces any eye nausea, I experimented a bit as I was getting sick of wearing orange/brown/navy ties with this jacket. Shirt is pink and the sleeves shrank big time :/ going to relegate it to casual wear. Excuse the trouser creases...cotton
Funnily enough, I didn't immediately think 'loose the tie' here, but rather that it was screaming out for a solid colour knit.